500 9th Street , Ocean City NJ

$2,895,000 | $13,342 / Month*

MLS #558796



Property Location: Business District, Corner, Island
Foreclosure: No
Design: Comm. w/Apartments, Restaurant
Basement: Slab
Location: Business District, Corner, Island
Interior Features
Flooring: Other (See Remarks)
Features: Display Windows, Restroom, Smoke/Fire Alarm
Exterior Features
Construction: Stucco
Features: Sign
Roof: Other
Cooling: Ceiling Fan(s), Central
Heating: Forced Air, Gas-Natural
Sewer Type: Public Sewer

A rare opportunity to purchase one of Ocean City's iconic properties, the famous and recently renovated Chatterbox Restaurant and three luxury, two bedroom, two bath residences. The Chatterbox Restaurant and Residences are situated on the corner of 9th Street and Central Avenue in the heart of Ocean City’s Downtown. Designed by famed architect Vivian Smith and built in 1929, The Chatterbox Restaurant boasts two renovated dining areas, including new custom mosaic tile floors, new counter seating with attractive stone top and all new custom furnishings. The restaurant spans over 4,300 square feet with 100 interior seats and an additional 70 outdoor seats in the summer season, plus a large fully equipped kitchen ready for the upcoming season. The three spacious, upscale 2 bedroom, 2 bath second floor residences encompass almost 3,000 square feet. Each are completely renovated and have a fully equipped gourmet kitchen, stainless steel appliances, and stone countertops. Other upgrades include new tiled baths, gas heat and central air. All residences are beautifully decorated, furnished and equipped for summer rentals. This highly visible, prime location is an ideal location to operate a restaurant on Ocean City’s busiest entry way and enjoy the substantial rental income generated from the three upscale 2 bedroom, 2 bath residences. Alternatively, purchase this property as an investment and rent the fully equipped, turnkey Chatterbox Restaurant along with the three residences.

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