605 E 8th Street Street, Ocean City, NJ 08226 | MLS 220370 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
Off Market
$699,000  

605 E 8th Street Street
Ocean City, NJ 08226

Other
Commercial
1,850
Sq. Ft.
N/A
Acre 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, 2bathrooms, 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 AVAILABLE**
220370
Other
Cape May
1905
City,Public
City,Public
1,850 Sq. Ft.
1 Total
Interior Features
Flooring
Linoleum
Cooling
Electric
Heating
Gas Heat, Electric Heating. .
Security
Security System
Additional Interior Features
Features: Fire Sprinkler System,Restroom,Security System,Smoke/Fire Alarm,Storage; Flooring: Linoleum/Vinyl
Exterior / Lot Features
Lot Dimensions
41.5x50
Zoning
Commercial
Community Features
Security Features
Security System
Complex Features
Security System
Financial Considerations
$2,963