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605 E 8th Street, Ocean City - ACTIVE

$999,000

MLS: 220370  |  Bedrooms:  |  Baths:  |  Type: Commercial/Industrial
Lot:41.5x50  |  Taxes: $2,963  |  Area: Ocean City

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**

AMENITIES

  • Heating:Electric   
  • Heating:Gas Natural   
  • Conventional  
  • Other Financing  
  • Fire Sprinkler System  
  • Restroom  
  • Security System  
  • Smoke/Fire Alarm  
  • Storage  
  • Cooling:Electric  
  • City  
  • Public  

PROPERTY LOCATION / MAP

Last Database Update: 09/25/2022 05:45:25
Let Ferguson Dechert be your buyer agent for this listing. Listing is provided by KELLER WILLIAMS REALTY - Washington Twp. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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605 E 8th Street, Ocean City
For Sale: $999,000
MLS: 220370

Bed: | Bath: LOT:41.5x50 | DOM:84
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Ferguson Dechert Real Estate - Summer Vacation Rentals and Properties For Sale in Avalon and Stone Harbor
2789 Dune Drive
Avalon, NJ
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