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For sale
  • $8,750,000

    726-730 Ocean Ave, Ocean City, NJ 08226

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    79 days
    on Zillow
    |
    318
    |
    13
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 23, 2025 at 07:53am

    Listed by:

    KRISTINA DOLISZNY,

    eXp Realty - Ocean City O382L,

    ROBERT DOLISZNY,

    eXp Realty - Ocean City O382L

    Source: SJSRMLS,MLS#: 596572MLS Logo
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    Facts & features

    Interior

    Rooms
    • Room types: Laundry, Living Room
    Heating
    • None, Space/Wall/Floor
    Cooling
    • Ceiling Fan(s), Window Unit(s)
    Appliances
    • Included: Dryer, Microwave, Refrigerator, Washer
    Features
    • Windows: Blinds, Curtains, Drapes, Shades, Screens
    • Basement: Slab
    • Has fireplace: No
    • Furnished: Yes

    Property

    Parking
    • Total spaces: 3
    • Parking features: None
    Features
    • Patio & porch: Porch
    • Pool features: In Ground
    • Has view: Yes
    • View description: See Remarks
    Lot
    • Size: 4,953.42 Square Feet
    • Dimensions: 107 x 135 & 135 x 93
    Details
    • Parcel number: 16 & 17

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Shingle, Vinyl
    • Foundation: Slab
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Security System
    Location
    • Region: Ocean City

    Financial & listing details

    • Annual tax amount: $25,860
    • Date on market: 5/23/2025
    • Date available: 05/23/2025
    • Inclusions: Blinds, Curtains, Drapes, Furnished, Security System, Shades
    • Road surface type: Sidewalks
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