Estimated payment $28,647/month
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 once every few decades that a turn-key hotel hits the market on this high disposable income beach island resort. This brand newly remodeled hotel is modernly appointed with today’s fashion forward designs, high ceilings, wide hallways, generous common area spaces and a coveted wrap-around porch like no other! It boasts 29 fabulous hotel suites (including three 2-bedroom suites); a bonus income hotel section that includes 10additional rooms which can house up to 29 staff and/or island employees requiring seasonal accommodation; 25 parking spaces in an adjacent parking lot; and an in-ground swimming pool at the back of the hotel. Ideally situated just a short 1 block from Ocean City’s white soft sandy beaches and world-famous boardwalk, its superb “walk-to-everything” location makes it the perfect spot for vacationers. Property wascompletely renovated, yet intentionally retained some of its architectural exterior and interior details to preserve the old school Ocean City allureand still left room for a new owner to incorporate their own touches making this unique hospitality property a truly “one-of-a kind” gem. The hotel opened its doors in late Summer 2024, enjoyed an impressive opening start-up season (whose late seasonal start income generates approx.7% cap rate) with nothing but upside and opportunity tied to its ongoing and future operation. Winter Rentals could quickly add an instant $100Kto the bottom line. Income generating investment opportunities like this come around rarely in Ocean City. This is a perfect asset for any existing short-term rental investor or hotelier looking to scale up and add to their portfolio. Pre-Qual & NDA are required for financially qualified buyers only. For more property details, obtain an NDA to review financials and schedule a private showing, please call us directly now.
Listing Agent
eXp Realty - Ocean City O382L License #1220497 Listed on: 05/23/2025
| 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 |
|---|---|---|---|---|
| 2024 | $12,396 | $1,104,800 | $582,900 | $521,900 |
| 2023 | $11,832 | $1,104,800 | $582,900 | $521,900 |
| 2022 | $11,368 | $1,104,800 | $582,900 | $521,900 |
| 2021 | $11,103 | $1,104,800 | $582,900 | $521,900 |
| 2020 | $10,805 | $1,104,800 | $582,900 | $521,900 |
| 2019 | $10,683 | $1,104,800 | $582,900 | $521,900 |
| 2018 | $10,584 | $1,104,800 | $582,900 | $521,900 |
| 2017 | $10,418 | $1,104,800 | $582,900 | $521,900 |
| 2016 | $10,021 | $1,104,800 | $582,900 | $521,900 |
| 2015 | $9,888 | $1,104,800 | $582,900 | $521,900 |
| 2014 | $9,744 | $1,104,800 | $582,900 | $521,900 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $5,000,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $2,600,000 | First American Title | |
| Deed | $1,500,000 | Surety Title | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Bargain Sale Deed | $1,685,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $701,000 | -- | |
| Deed | $400,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $1,229,000 | New Conventional | |
| Previous Owner | $723,403 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $1,250,000 | Commercial | |
| Previous Owner | $450,000 | Commercial |
$3,900,000
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
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
$5,845,000
BRAND NEW DUPLEX IN THE HEART OF THE GOLD COAST! Modern Luxury and Coastal vibes blend perfectly in this Stunning New Construction. This property offers a total of 10 Bedrooms, 8 Bathrooms, 2 half baths, open concept living with custom DESIGN and top of the line finishes. OWN the whole building! Use as a single family. Upgrades include: ELEVATOR (for 2nd floor) Board & Batten accent walls in
Mark Grimes BHHS FOX and ROACH-109 34th OC
$5,350,000
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: 596571
APN: 08-00705-0000-00016
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