Estimated payment $22,331/month
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 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 service retail stores. In addition, the building includes an additional 1/2 bath in Guest Check-In Lobby; 3 courtesy dayrooms with showers; laundry facility; and a total of 28 parking spaces in the parking lot adjacent to & in back of the hotel. Property recently started to undergo upgrades & renovations inclusive of the apartments; new front porch; and windows are relatively new. For the experienced developer/investor, this incredible acquisition opportunity comes with tremendous upside potential associated with property stabilization and income growth tied to increased seasonal rents to become in line with market rates, plus expanding business to include Winter Rental which could quickly add an instant $100K to the bottom line. Income generating investment opportunities like this come around rarely in Ocean City. Pre-Qual & NDA required for financially qualified buyers only. Call Now!
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,464 | $1,200,000 | $701,800 | $498,200 |
| 2024 | $13,464 | $1,200,000 | $701,800 | $498,200 |
| 2023 | $12,852 | $1,200,000 | $701,800 | $498,200 |
| 2022 | $12,348 | $1,200,000 | $701,800 | $498,200 |
| 2021 | $12,060 | $1,200,000 | $701,800 | $498,200 |
| 2020 | $11,736 | $1,200,000 | $701,800 | $498,200 |
| 2019 | $11,604 | $1,200,000 | $701,800 | $498,200 |
| 2018 | $11,496 | $1,200,000 | $701,800 | $498,200 |
| 2017 | $11,316 | $1,200,000 | $701,800 | $498,200 |
| 2016 | $10,884 | $1,200,000 | $701,800 | $498,200 |
| 2015 | $10,740 | $1,200,000 | $701,800 | $498,200 |
| 2014 | $10,584 | $1,200,000 | $701,800 | $498,200 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 10/10/2024 10/10/24 | For Sale | $3,900,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $3,250,000 | -- | |
| Deed | $1,575,000 | Surety Title | |
| Bargain Sale Deed | $1,400,000 | None Available |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Open | $4,680,000 | New Conventional | |
| Previous Owner | $1,393,000 | Credit Line Revolving | |
| Previous Owner | $1,400,000 | Commercial | |
| Previous Owner | $125,000 | Commercial |
$5,000,000
RARE ACQUISITION OPPORTUNITY - HEART OF OCEAN CITY’S HOSPITALITY DISTRICT! Securing a hotel operation in Ocean City NJ is like winning a lottery ticket – it rarely happens! First and due to super low hotel-room supply and incredibly high demand, there are only a handful of coveted hospitality assets available in Ocean City, which happens to continuously fuel investors upside. Second, it’s only
Kristina Doliszny eXp Realty - Ocean City O382L
$3,798,000
Located in the heart of Ocean City’s Downtown, this location is perfect for Everything that Ocean City has to offer. Park your car and walk (or bike) to anything you need. Built on an oversized lot in 2006, this 6,000+ sq ft lot allows for a unique design and layout of over 5,300 sq feet, like no other in town. Featuring 10 bedrooms, 10 Full bathrooms and 2 half baths, there is plenty of room for
Kevin Redmond LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
$4,950,000
Located directly on the beachfront in Ocean City’s Southend, 4919 Central Avenue presents a rare opportunity: ownership of the ground along the sand, with city-approved plans and architectural flexibility already in place. Set on a 37x100 lot, the existing duplex features 4 bedrooms and 2 full baths per unit, elevated above an oversized garage that provides generous off-street parking for both
Brian Logue BHHS FOX and ROACH-Simpson OC
Source: South Jersey Shore Regional MLS
MLS Number: 590176
APN: 08-00705-0000-00017
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