ATTENTION INVESTORS AND RESTAURANT OWNERS!! A great opportunity

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Commercial For Sale

605 E 8th

Ocean City, New Jersey 08226

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$699,000 0 br, 0.0 bath 1850 sq. ft. 0.000 acres

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**

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 1850
  • Year Built: 1905
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: Unknown
  • Property Taxes: $2963
  • MLS #: 220370
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Beach Commercial For Sale in Ocean City, New Jersey
Ad Number: 2396001
Viewed 46 times.
Updated: May 26, 2022

This property is a Commercial located at 605 E 8th, Ocean City, New Jersey 08226, and is currently For Sale at $699,000. This Commercial has 0 bedrooms, 0.0 baths, 1850 sq ft.

Listing Agent: Matthew Peeke, KELLER WILLIAMS REALTY - Washington Twp, 609-377-6823, 856-582-1200 Listing Site
Copyright © 2023 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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