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617 E 8th St, Ocean City - ACTIVE


Beds:      /
Half Baths:    /  
MLS: 578747   /
DOM: 0 Days


9%+ CAP RATE!! INVESTOR'S INCOME AQUISTION OPPORTUNITY WITH TONS OF UPSIDE! The Blue Water Inn Hotel is a 39-Unit Mixed Use commercial investment property, with parking! This income producing gem is centrally located on a HIGH TRAFFIC CORNER of 8th & Ocean Ave in the very HEART OF THE HOTEL HOSPITALITY DISTRICT & situated on a whopping 135' x 93.05 lot just a couple blocks from Ocean City's white sand beaches and bustling World- Famous Boardwalk. The property features a total of 39 units which consists of 32 hotel rooms (with 32 baths) 4 renovated apartments (2-1BR 1BA, 1-2BR 1BA, 1-3BR 1BA & 1-Manager's efficiency apartment w 1BA) and 3 leased commercial stores on the street level of the building. The three commercial storefronts currently include a full-service restaurant and two additional food & beverage service retail stores. In addition, the building includes an additional 1 2 bath in Guest Check-In Lobby 3 courtesy dayrooms with showers laundry facility and a total of 28 parking spaces in the parking lot adjacent to & in back of the hotel. Property recently started to undergo upgrades & renovations inclusive of the apartments new front porch and windows are relatively new. For the experienced developer investor, this incredible acquisition opportunity comes with tremendous upside potential associated with property stabilization and income growth tied to increased seasonal rents to become in line with market rates, plus expanding business to include Winter Rental which could quickly add an instant $100K to the bottom line. Income generating investment opportunities like this come around rarely in Ocean City. Pre-Qual & NDA required for financially qualified buyers only. Call Now!


  • Heater:Gas  
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  • Smoke/Fire Alarm  
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  • Public Sewer  

Last Database Update://11/30/2023 09:15:34

Broker ReciprocityListing Courtesy of Keller Williams Realty Jersey Shore-Ocean City.
© South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Keller Williams Jersey Shore are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
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617 E 8th St, Ocean City
For Sale: $4,250,000 /MLS: 578747
Bed: | Bath:| Half Baths: | LOT: DOM:0
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