724 Ocean Avenue, Ocean City NJ |
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| Active PRICE: $5,000,000 |
| MLS NUMBER: 596571 |
| BEDROOMS: 0 BATHROOMS: 0 |
| STREET ADDRESS: 724 Ocean Avenue |
| CITY: Ocean City NJ |
| PROPERTY TYPE: 21 - 50 Units |
| SQ FT: LOT DIMENSIONS: 107x135 |
| TOTAL ROOMS:
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| DAYS ON MARKET: |
| NEW CONSTRUCTION: No |
| TAXES: $12396 TAX YEAR: 2024 |
| PROPERTY DESCRIPTION |
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| 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 ½ 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 |
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| PROPERTY FEATURES |
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Cooling:Ceiling Fan(s),Window Units
Sale Includes: Blinds,Curtains,Furnished,Rugs,Security System,See Remarks,Shades
Appliances : Dryer,Microwave,Refrigerator,Washer
Heating : Space/Wall/Floor |
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Location : See Remarks
Other Rooms : Laundry/Utility Rm,Living Room,Storage Attic,Workshop
Sewer : Public Sewer |
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Siding/Exterior: Shingle
Water Heater: Gas
Water: Public
Residential Style: No
Lot Dimensions
: 107x135
Lot Size: 107x135
Status: Active
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| Last Database Update: 10/09/2025
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Listing Courtesy of . eXp Realty - Ocean City O382L.
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Kevin Decosta