5 Abbott Avenue new 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
Subdivision Ocean Grove
MLS Listing ID 22518184
Year Built 1871
Annual Tax Amount $25,969
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Commercial
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
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
Building
Sewer Public Sewer
Water Public
New Construction No