5 Abbott Avenue Active Save Request In-Person Tour Request Virtual Tour
Ocean Grove,NJ 07756
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,427 sqft
Price per Sqft $402
Municipality Neptune Twp (NPT)
Subdivision Ocean Grove
MLS Listing ID 22518184
Year Built 1871
Annual Tax Amount $25,969
Tax Year 2024
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 60 x 38
Property Sub-Type Commercial
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
This Historic Ocean Grove Hotel with a 49 seat restaurant offers a solid investment opportunity with huge growth potential. This beautiful building sits on a double lot just steps to Ocean Grove's award winning beach. It offers 20 renting rooms, 21 full baths and 3 half baths, 3 huge porches with panoramic Ocean Views, owners quarters, and a street level restaurant with private entrance. The restaurant is currently used for guests breakfast and a delightful ice cream parlor open to the public, but lends itself to becoming a full service restaurant. This business offers a great return on your investment while only operating seasonally, come explore the possibilities of a year round hotel/restaurant at this Jersey Shore gem!
Location
State NJ
County Monmouth
Area Ocean Grove
Direction East on Main Ave, right on Central Ave, left on Abbott Ave.
Rooms
Basement Finished,Full,Heated
Interior
Heating Baseboard
Inclusions Training by Owner, Signs, Phone System, Inventory, Goodwill, Equipment/Furniture, Business Name
Exterior
Parking Features On Street
Fence Electric
Waterfront Description Oceanside/Beach Blk,Oceanview
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 35-00230-0000-00015