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715 E 8th St, Unit A, Ocean City -

$494,000

Beds:      /
Half Baths:    /  
Type: COMMERCIAL/INDUSTRIAL    /
MLS: 580174   /
DOM: 0 Days

DESCRIPTION

Ocean City's Famous former LANDMARK "OC SURF CAFE" is officially up for grabs! -Fabulous RESTAURANT Location - Now available for sale! Incredible commercial space in HUGE TRAFFIC VOLUME location, right in the center heart of the hotel & hospitality zone! Everyone knows your success depends upon LOCATION- LOCATION- LOCATION! Well, it doesn't get better than this! Ideally located. this spot is PERFECT for any start-up new food service business, or satellite location for an expanding one. Surrounded by multiple hotels B&Bs lots of restaurants busy bike rental center City's multiple public Boardwalk parking lots & just steps to the beach boardwalk, this space is ideal for RESTAURANT OWNERS of all food cuisine types, including seafood breakfast caf luncheonettes Specialty Donut Pastry & Coffee Shops franchises or large take-out location. Former tenant operated well known famous landmark restaurant known as the "OC Surf Cafe" before retiring. Seller completely renovating the 4 residential units in the building including the exterior fa ade. 5-Unit building already has NJ condo approval all five units are also each listed for sale separately (Units B&C $679K each Top Floor Units D&E $699K each & Commercial Unit A $494K) or as one whole rental investment building for $3.25M. Proforma rental income based on existing neighborhood rents is approx. $240,000 ($60,000 for each of the four residential units) and $50,000 NNN lease income from the commercial unit. Approved architectural plans, survey & draft master deed available upon request. Property offers SUPREME RENTAL INCOME POTENTIAL as its ideally located in the heart of Ocean City's cash cow hospitality zone, one block from the Ocean City Boardwalk and its white sandy beaches, and a few short blocks to Ocean City's bustling downtown shopping district. Fantastic business operation or multiple unit rental income investment opportunities in an incredible Jersey Shore vacation spot like this one doesn't come around often, so ACT FAST!

AMENITIES

  • Heating:Forced Air   
  • Heating:Gas-Natural   
  • Heater:Gas  
  • 220 Volt Electricity  
  • Display Windows  
  • Living Space Available  
  • Restroom  
  • Smoke/Fire Alarm  
  • Storage  
  • Public Sewer  

PROPERTY LOCATION / MAP
Last Database Update://02/23/2024 09:15:42

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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715 E 8th St, Unit A, Ocean City
For Sale: $494,000 /MLS: 580174
Bed: | Bath:| Half Baths: | LOT: DOM:0
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KW Jersey Shore - Keller Williams Realty
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