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605 E 8th St , D

Ocean City, NJ 08226
  • $699,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: 559445
UPDATED: 28 min ago
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1905
County:

School Ratings & Info

Description

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**

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© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-07-06T20:50:39.423.
www.providentlegacyres.com/homes/125479421
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605 E 8th St , D Ocean City, NJ 08226

  • Price: $699,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 28 min ago
  • MLS #: 559445
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1905
Built
Neighborhood:
Ocean City/Central
County:
Cape May
Area:
Ocean City/Central
Property Description
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**
Exterior Features

Commercial Style CommercialRestaurant Location Business DistrictCornerBoardwalk Area Lot Dimensions 41.5X50 Parking None Road Frontage Township Siding Exterior BlockFrame/Wood

Interior Features

Air Conditioning Electric Basement Slab Flooring Linoleum/Vinyl Heating ElectricGas-Natural Interior Features Fire Sprinkler SystemRestroomSecurity SystemSmoke/Fire AlarmStorage Specialty Rooms Public Restroom Wash Rooms 2

Property Features

Age Range 25+ Years Approved Short Sale N/A Auction YN No Available Entertaining SpaceEquipmentFixturesFurnishingsInventoryRefrigeration/Freezer Bank Owned Foreclosure No Buildings 1 May Be Subject To Third Party Approval Short Sale No Sewer Public Sewer Tax Year 2021 Taxes 2963 Water Public

South Jersey Shore Regional MLS logo Listing information © 2022 South Jersey Shore Regional MLS.
Listing provided courtesy of Keller Williams Realty-Washington Twp.


© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-07-06T20:50:39.423.
 
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Provident Legacy Real Estate Services, LLC
177 Broadway
Bayonne NJ, 07002