For Sale 910 Bay Ave, Somers Point, NJ, 08244

Ever dreamed of owning a waterfront hotel complete with a restaurant and marina? Look no further than Tavern on the Bay Hotel & Marina, a one-of-a-kind property located at 800 Bay Avenue in Somers Point. A beautifully preserved Victorian-style mansion dating back to 1876, this iconic property blends historic charm with modern comforts. Rich in history, the building has served many purposes over the years, including a bordello and a favorite hangout of the notorious Nucky Johnson during Prohibition. Today, it operates as a boutique hotel and restaurant, just steps from the lively attractions of downtown Somers Point. The hotel features eight uniquely themed suites, each named after legendary historical figures like Lucky Luciano and Al Capone. Every room is thoughtfully designed with modern amenities such as flat-screen TVs, mini-fridges, coffee makers, and private bathrooms. Guests can also relax on the rooftop terrace, which offers sweeping views of Great Egg Harbor Bay. The restaurant and bar offer an exceptional dining experience with a spacious indoor area that seats 200 guests, plus an expansive outdoor patio with room for 100 more, all overlooking stunning waterfront views. The marina includes 55 boat slips, accommodating both boats and jet skis, making it a popular destination for boaters and locals alike. With its seamless indoor-outdoor flow, scenic location, and easy access by land or water, Tavern on the Bay is perfectly suited for upscale dining, special events, and summer crowds. Don’t miss this rare chance to own a premier waterfront property in one of the Jersey Shore’s most sought-after coastal communities.

Ever dreamed of owning a waterfront hotel complete with a restaurant and marina? Look no further than Tavern on the Bay Hotel & Marina, a one-of-a-kind property located at 800 Bay Avenue in Somers Point. Nestled in a beautifully preserved Victorian-style mansion dating back to 1876, this iconic property blends historic charm with modern comforts. Rich in history, the building has served many purposes over the years, including a bordello and a favorite hangout of the notorious Nucky Johnson during Prohibition. Today, it operates as a boutique hotel and restaurant, just steps from the lively attractions of downtown Somers Point. The hotel features eight uniquely themed suites, each named after legendary historical figures like Lucky Luciano and Al Capone. Every room is thoughtfully designed with modern amenities such as flat-screen TVs, mini-fridges, coffee makers, and private bathrooms. Guests can also relax on the rooftop terrace, which offers sweeping views of Great Egg Harbor Bay. The restaurant and bar offer an exceptional dining experience with a spacious indoor area that seats 200 guests, plus an expansive outdoor patio with room for 100 more, all overlooking stunning waterfront views. The marina includes 55 boat slips, accommodating both boats and jet skis, making it a popular destination for boaters and locals alike. With its seamless indoor-outdoor flow, scenic location, and easy access by land or water, Tavern on the Bay is perfectly suited for upscale dining, special events, and summer crowds. Don’t miss this rare chance to own a premier waterfront property in one of the Jersey Shore’s most sought-after coastal communities.

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.