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617 E 8th Street, Ocean City, NJ 08226

Local realty services provided by:CENTURY 21 Action Plus Realty
617 E 8th Street,Ocean City, NJ 08226
$3,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: kristina doliszny
Office: exp realty - ocean city o382l
MLS#:590176
Source:NJ_SJSRMLS

Price summary

  • Price:$3,900,000

About this home

This is the very BEST VALUE-ADD ON THE JERSEY SHORE ISLAND RESORT MARKET! Current Cash Flow Valuations are at a 9%+ CAPRATE which makes this fabulous buy an INVESTOR'S DREAM INCOME AQUISTION OPPORTUNITY & WITH TONS OF UPSIDE! The Blue Water Inn Hotel is a 40-Unit Mixed Use commercial investment property, with parking! This income producing gem is centrally located on a HIGH TRAFFIC CORNER of 8th & Ocean Ave in the the historic district in the very HEART OF THE HOTEL/ HOSPITALITY DISTRICT & situated on a whopping 135' x93.05 lot just a couple blocks from Ocean City's white sand beaches and bustling World Famous Boardwalk. The property features a total of40units which consists of: 32 hotel rooms (with 32 baths); 5 renovated apartments (3-1BR/1BA, 1-2BR/1BA, 1-3BR/1BA & 1-Manager'sefficiency apartment w/1BA); and 3 leased commercial stores on the street level of the building. The three commercial storefronts currently include a full-service restaurant and two additional food & beverage

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Home facts

  • Listing ID #:590176
  • Added:550 day(s) ago
  • Updated:February 23, 2026 at 08:42 AM

Heating and cooling

  • Cooling:Ceiling Fan(s), Window Units

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,900,000
  • Tax amount:$12,348 (2023)

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