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605 E 8th St Street
Ocean City, NJ 08226
MLS# 559445 ID: 74473988
$699,000
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Property Description
Commercial - Ocean City, NJ 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**
Property Features
Status
Days On Market 109 days
Last Updated May 26, 2022
Market Status Available
Description
Property Type Commercial
Year Built 1905
Building Features
Basement
Heating Fuel Electric; Natural Gas
Exterior Features
Exterior Construction Block; Wood
Interior Features
Alarm System
Floors Linoleum; Vinyl
Legal/Financial
Taxes 2963 (2021)
Listing Features
Property Type Commercial; Commercial
Offered By:
MATTHEW PEEKE
KELLER WILLIAMS REALTY-WASHINGTON TWP

Data Provided by South Jersey Shore Regional MLS

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