605 E 8th St Street, Ocean City, NJ 08226 | MLS 559445 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
Pending
$699,000  

605 E 8th St Street
Ocean City, NJ 08226

Other
Commercial
0.048
Acres Lot
1of
Photos
Map
Courtesy: KELLER WILLIAMS REALTY-WASHINGTON TWP
ATTENTION INVESTORS AND RESTAURANT OWNERS!! A great opportunity to own one of the most successful Ocean City Restaurants, The Varsity 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, private office area, and an outdoor storage shed. Take advantage of this opportunity to own a prime real estate location only 3 blocks 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. SELLER FINANCING IS AVAILABLE DEPENDING ON THE OFFER**
559445
Other
Cape May
0.048 Acres
Public
Block,Wood Frame
Public Sewer
$0.00
0
Interior Features
Cooling
Electric
Heating
Gas Heat, Electric Heating. .
Basement
Slab
Additional Interior Features
Fire Sprinkler System,Restroom,Security System,Smoke/Fire Alarm,Storage
Exterior / Lot Features
Parking
None.
Exterior
Wood, Frame, Block
Lot Dimensions
41.5x50
Financial Considerations
$2,963