605 E 8th St Street Ocean City, New Jersey, 08226 United States
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605 E 8th St Street
Ocean City, New Jersey, 08226 United States

Soleil Sotheby's International Realty
Listing image
Listing image

Property details

  • Property type

    Commercial

  • Status

    Available

  • Year Built

    1905

Courtesy Of

KELLER WILLIAMS REALTY-WASHINGTON TWP

605 E 8th St Street

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**

Listing Courtesy of KELLER WILLIAMS REALTY-WASHINGTON TWP

Courtesy Of

KELLER WILLIAMS REALTY-WASHINGTON TWP

Amenities & Features

  • Listing Details
    • Property ID
      559445
    • MLS#
      559445
    • Property type
      Commercial
    • Courtesy Of
      Listing Courtesy of KELLER WILLIAMS REALTY-WASHINGTON TWP
    • Status
      Available
    • Listing Price
      $699,000
    • County
      Cape May County
    • School District
      Ocean City
  • Utilities & Building
    • Year Built
      1905
    • cooling
      Electric
    • Other
      Natural Gas Service Available, Public Sewer Service, Public Water Supply
  • Interior
    • Amenities
      Alarm, Security System, Storage, Vinyl Flooring
    • Basement
      Slab