AGENT LISTINGS
Frank Shoemaker

Frank Shoemaker 609-399-0076x184

3160 Asbury Avenue, Ocean City

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For Sale 726-730 Ocean Ave, Ocean City, NJ, 08226

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726-730 Ocean Ave, Ocean City, NJ, 08226

$8,750,000

Frank Shoemaker
  • Buyer Agent Compensation: N/A
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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.

Listing courtesy of: eXp Realty - Ocean City O382L
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build
Lot Size
Tax 25860.00
SQFT
OutsideFeaturesCurbs, In Ground Pool, Porch, Sidewalks
OtherRoomsLaundry/Utility Rm, Living Room
HeatingNo Heating, Space/Wall/Floor
HotWaterGas
SewerPublic Sewer
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units 51 - 100 Units
Tax Year 2024
Area Ocean City/Central
ParkingGarageNone
BasementSlab
CoolingCeiling Fan(s), Window Units
WaterPublic
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