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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 market — own a piece of Ocean City’s thriving tourism economy with two centrally located hospitality assets that offer immediate income and long-term appreciation. Each hotel property (724 Ocean Ave & 617 E 8th St) is listed separately for sale. This offering is for your opportunity to buy as a package only while still available as a combo sale. Shown by appointment only. NDA and proof of funds required.

$8,750,000 Active

726-730 Ocean Ave Ocean City, New Jersey

$5,845,000 Active

2112-14 Wesley Ave Ocean City, New Jersey

$5,000,000 Active

724 Ocean Ave Ocean City, New Jersey

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!

$3,900,000 Active

617 E 8th Street Ocean City, New Jersey

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 larger families or entertaining guests. Six of the bedrooms are complimented by an ensuite bath, four share a hall bath and there are two Full Cabana Baths on the ground floor, great for coming off the beach. An elevator services all the floors for easy access. The large lot allows for a larger than usual Great Room, each floor boasting a large dining area and over-sized kitchen center island that compliments the living area. The front porch is an excellent extension of the living area and large enough to have a table and chairs for 6, along with additional seating. There are four additional decks; two private side decks off ensuite bedrooms and a long rear deck accessible by six other bedrooms. Ample parking in the rear, off the alley with a three-car garage and three+ car parking behind the garage. You are a two block walk from all the main attractions; the beach, boardwalk, amusement park, downtown shopping on Asbury, Ice Cream shops and everything else you’d expect on your visit. This property is a rental machine and boasts $200K+ in income each summer. There are leases in place for 2025, but if you are not looking to rent, take the income this year and enjoy the future years in South Jersey’s Premier Summer Playground! Easy to show. Cal today for your private tour.

$3,798,000 Active

1009-1011 WEsley Ave Ocean City, New Jersey

$3,299,000 Active

2988 1st Ave Avalon Boro, New Jersey

Welcome to 826 Second Street, this over-sized oceanside oasis is located in Ocean City's desirable Northend/Boardwalk neighborhood. Located just steps from the beach and boardwalk, this rare duplex features 4 bedrooms, 2.5 bathrooms on the first floor with over 1,625 square feet and 5 bedroom, 3.5 bathroom one the second floor with over 1,950 square feet. Each floor offers a spacious floor plan, gourmet kitchens, rich hardwood and bluestone floors, spa-like tiled bathrooms, ample outdoor space with large decks and much more.

$2,995,000 Active

826 Second Street Ocean City, New Jersey

Welcome to 1061 Asbury Ave, one of Ocean City’s premier mixed use buildings in the downtown Asbury Area. This sale is for **Real Estate ONLY** and does NOT include the sale of Starbucks business in any way, shape, or form. The first floor is a commercial unit with a well established, premier tenant on a long term lease and the second floor is a gorgeous 4 bedroom, 2 bathroom condo with an amazing outdoor space, perfect for entertaining. This unit is currently being used as a short term rental with some 2025 rentals in place. There is one off-street parking spot for the commercial unit and two off-street parking spots for the residential unit so no need to worry about parking! Sit back and enjoy steady long term rent from your commercial tenant while you maximize the rental income in the short term market upstairs! Don’t sleep on this one because it won’t last!

$2,950,000 Active

1061 Asbury Ave Ocean City, New Jersey

**Exceptional DUPLEX Steps From the Beach and Boardwalk** Don't miss this rare opportunity to own a meticulously maintained duplex in the heart of Ocean City, just steps from the beach and boardwalk. Each unit features 4 bedrooms and 2 baths, offering ample space for family, guests, or investment potential. This property is loaded with amenities, including modern vinyl siding, multiple decks, garages, and generous storage. Inside, you'll find updated kitchens and well-appointed living spaces designed for comfort and convenience. With a strong rental history, this duplex is a proven income producer—each unit grosses approximately $70K per year, with $120K in bookings already secured for this summer season. Whether you're looking for a prime investment or a stunning vacation home, 1109 Wesley Ave checks all the boxes. Schedule your private tour today!

$2,890,000 Active

1109 Wesley Ave Ocean City, New Jersey

Welcome to 341 Central Ave Duplex (1st Floor & 2nd Floor), Ready for Summer! New Construction by a Local OC Developer do not let your buyers miss this one! End cap street minimum thru traffic plus one of highest elevations in town. Unique build in an awesome neighborhood. This duplex in the heart of Ocean City, NJ. This multi-family property boasts a generous 3,400 square feet of living space, offering a total of 16 rooms, including 8 spacious bedrooms and 5.5 well-appointed bathrooms. Oversized 40X100 lot!! Step inside to discover high ceilings and elegant architectural details such as the exterior features high end Hardie Plank siding Inside no expense spared with high efficiency HVAC with a tankless water heater to provide efficiency and cost savings. Solid core doors, insulation in all interior walls, and double party walls between floors help to reduce noise transfer plus built-ins, columns, and crown moldings that add a touch of sophistication. The private entrance leads you into a welcoming foyer, setting the tone for the rest of the home. The formal dining room is perfect for hosting gatherings, while the cozy fireplace adds warmth and charm. The kitchen is a chef's dream, featuring a gas oven and stove, granite countertops, an island, range, range hood, and refrigerator. The bathrooms offer luxury with double sinks, a primary ensuite, and a soaking tub for ultimate relaxation. Enjoy the outdoors with a variety of private and common spaces, including a balcony, deck, front yard, patio, porch, and a common courtyard. The property also includes an attached garage with parking, ensuring convenience and must have off street parking. Additional amenities include central AC, forced air heating, hardwood and tile floors, recessed lighting, and a laundry room with a washer and dryer. Could be a rental machine whole building could return $250k or keep one and rent the other unit to handle expenses. This duplex offers a perfect blend of modern amenities and classic charm, making it an ideal investment or family home in a vibrant community.

$2,780,000 Active

341 Central Ave Ocean City, New Jersey

Beach Block Condo Complex in Brigantine! Don't miss this fantastic investment opportunity to own 5 freshly renovated, 2 bedroom, 1 bathroom units in the Lighthouse District of Brigantine. Units 1-4 are situated in one building and unit 5 stands on it's own with a large 2 car garage, office and a half bathroom. Similar units rent for an average of $2,500 weekly during the season and with it's close proximity to AC makes them attractive rental options even in the off season. The complex was just converted to condos so each one can be sold separately. Once one unit goes, this package offering will be removed. Get a hold of your favorite REALTOR and book your showing today!

$2,559,500 Active

3400 W Brigantine Ave Brigantine, New Jersey

Calling all Multi-Family Investors & Hoteliers!! This is the absolute PERFECT PROPERTY for you to immediately buy right now to scale your portfolio in an UNBEATABLE blue chip location! Turnkey income generating property boasts a whopping 9%+ cap rate based on the last 4 consecutive years of returns which translates to stability, confidence, and upside for expansion opportunity. And the LOCATION … wow, just WOW! Situated in a highly visible traffic area right across from the Open Bay, the Jersey Shore’s renowned “Crab Trap Restaurant” and the 9th St Bridge to Ocean City NJ, this highly-sought-after asset is positioned right near both North & South entrances of the NJ Gardens Parkway, and in walking distance to lots of popular restaurants, Somers Point Bayfront, and its relaxing parks. Jump in the car, pop over the bridge and in 5 minutes you will conveniently find yourself sunbathing on Ocean City’s soft sandy beaches and strolling its World Famous Boardwalk. This fully operational 22-unit motel, paired with an attached 2-bedroom, 1-bath owner’s apartment and a 1-bedroom, 1-bath manager's apartment, is an exceptional investment with strong year-round returns. With 8,698 sq ft of total existing building space on a huge 150 x 190 lot, the property offers generous accommodations with a large outdoor heated pool and plenty of parking. Seller has owned and operated the property for over 30+ years, so opportunities to acquire consistent cash flowing assets such as this one rarely become available for purchase. The property benefits from strong seasonal demand, consistently achieves 100% occupancy in summer, and maintains an impressive 70% occupancy in the off-season, mostly supported by a loyal repeat clientele. Significant capital improvements were completed in 2011, including upgrades to electric, plumbing, roofing, HVAC, pool, and stucco, minimizing future capex needs. The property is currently franchised, but the franchise can be canceled at any time without penalty, offering branding flexibility. AirBnB and hoteliers who can quickly close on this high yield investment asset to scale their portfolio will place the property immediately into service, capitalize on Summer 2025 revenue, take advantage of the depreciation write offs, and can immediately start exploring creative options to expand and add units to the existing property. Fabulous future expansion upside includes adding a 2nd story to double the unit count. Property is priced for a quick sale and NDA required. Seller is willing to provide transition training to ensure a smooth handover. Call us directly for more information.

$2,250,000 Active

301 Mays Landing Rd Somers Point, New Jersey

View All Properties

Brandon Howell

3160 Asbury Ave. | Ocean City, NJ 08226

brandon@liveocnj.com

Cassidy Fletcher

1330 Bay Ave. | Ocean City, NJ 08226

cassidy@liveocnj.com

Copyright © 2025

Live OCNJ | Live OCNJ

Brandon Howell, Berger Realty

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