726-730 Ocean Avenue, Ocean City NJ |
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| Active PRICE: $8,750,000 |
| MLS NUMBER: 596572 |
| BEDROOMS: 0 BATHROOMS: 0 |
| STREET ADDRESS: 726-730 Ocean Avenue |
| CITY: Ocean City NJ |
| PROPERTY TYPE: 51 - 100 Units |
| SQ FT: LOT DIMENSIONS: 107x135 & 135x93 |
| TOTAL ROOMS:
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| DAYS ON MARKET: |
| NEW CONSTRUCTION: No |
| TAXES: $25860 TAX YEAR: 2024 |
| PROPERTY DESCRIPTION |
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| Unmatched Investment Opportunity – Dual Hotel Portfolio in the Heart of Ocean City, NJ! Now available: a rare chance to acquire TWO established hospitality properties in one of the most coveted beach destinations on the East Coast! Located just steps from the Ocean City boardwalk and beaches, 724 Ocean Avenue and 617 E 8th Street are being offered as a combined hotel package — delivering prime location, proven cash flow, and substantial upside potential. 724 Ocean Avenue (The COVE Hotel): A classic shore hotel featuring 29 guest rooms (plus 10 additional bonus room to house staff), swimming pool, on-site parking, common living room, and on-site amenities — ideal for short-term rentals, group lodging, or seasonal stays. The Cove is newly renovated making it a turnkey opportunity. 617 E 8th Street (The BLUE WATER Inn): Just around the corner, this second hotel property adds 40 additional rentable units with a parking lot, which includes 32 hotel suites, 5 apartments and 3 currently leased commercial units, perfect for expanding occupancy and revenue. This hotel is one of the last moderately priced hotels and "value add" property available in Ocean City. Key Investment Highlights: • Prime boardwalk/beach-block location • Combined high-capacity lodging potential • Strong repeat guest base • Zoned for hospitality • Turnkey operation or value-add opportunity • Perfect for boutique hotel operators, group rental hosts, or portfolio investors Opportunities like this rarely come to m |
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| PROPERTY FEATURES |
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Cooling:Ceiling Fan(s),Window Units
Sale Includes: Blinds,Curtains,Drapes,Furnished,Security System,Shades
Appliances : Dryer,Microwave,Refrigerator,Washer
Heating : No Heating,Space/Wall/Floor |
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Location : See Remarks
Other Rooms : Laundry/Utility Rm,Living Room
Sewer : Public Sewer |
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Siding/Exterior: Shingle,Vinyl
Water Heater: Gas
Water: Public
Residential Style: No
Lot Dimensions
: 107x135 & 135x93
Lot Size: 107x135 & 135x93
Status: Active
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| Last Database Update: 10/08/2025
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Listing Courtesy of . eXp Realty - Ocean City O382L.
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Kevin Decosta