605 E 8TH STREET #D, Ocean City, NJ 08226 | MLS NJCM2000696 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
Contingent
$699,900  

605 E 8TH STREET #D
Ocean City, NJ 08226

Mixed Use
Commercial
0.05
Acres Lot
1of
Photos
Map
Courtesy: Keller Williams Realty - Washington Township
ATTENTION INVESTORS AND RESTAURANT OWNERS!! A great opportunity to own one of the most successful Ocean City Restaurants, TheVarsity Inn!! This restaurant is an established, year-round, turn-key eatery, which has been a profitable business since 1969. This property has a history of guaranteed income netting an average of $146k annually. The restaurant is being sold with a full staff, full inventory, and the owner is willing to assist the new owner by staying employed during a transition phase after the sale. This spacious restaurant/property has interior seating for 84 and a total of 100 seats including exterior, when weather permits. In 2016 the Varsity Inn was reconstructed from the ground up. This corner property has been professionally outfitted from top to bottom with the best commercial grade kitchen equipment, display cases, beverage coolers, display racks, & shelving! It also features a built in audio/video system, dishwashing station, ADA accessible, alarm system, 2 bathrooms with a child changing area, private office area, and an outdoor storage shed. Take advantage of this opportunity to own a prime real estate location only 3blocks from the beach/boards. Take advantage now to be ready for the anticipated 2022 Summer Season! This building and business are absolutely ready to run your dream business! ** THIS PURCHASE INCLUDES THE REAL ESTATE, BUSINESS, AND ALL EQUIPMENT. POSSIBLE SELLER FINANCING IS AVAILABLE.**
NJCM2000696
Mixed Use, Other
CAPE MAY
1905
0.05 Acres
Community
Block,Vinyl siding
Public Sewer
$378.32
2/7/2022 12:00:00 AM
NONE AVAILABLE
Electric Available,Cable TV,Natural Gas Available,Phone,Sewer Available,Water Available
School Information
OCEAN CITY SCHOOLS
OCEAN CITY
OCEAN CITY INTERMEDIATE M.S.
OCEAN CITY H.S.
Interior Features
Cooling
Multi Units
Heating
Electric Heating. Forced Air.
Accessibility
No Stairs.
Security
Fire Detection System,Sprinkler System - Indoor,Smoke Detector,Security System
Exterior / Lot Features
Exterior
Vinyl, Block
Lot Dimensions
40.5X50
Zoning
COMMERCIAL
Structural Condition
Very Good
Additional Exterior/Lot Features
Other.
Community Features
Security Features
Fire Detection System,Sprinkler System - Indoor,Smoke Detector,Security System
Complex Features
Fire Detection System,Sprinkler System - Indoor,Smoke Detector,Security System
Financial Considerations
Fee Simple
NO TAX RECORD
$2,964
All appliances, window fixtures, shelving, inventory, and restaurant equipment contained on site.