5 Abbott Avenue, Ocean Grove, NJ 07756
- $3,150,000
- List Price
- $3,150,000
- Status
- ACTIVE
- Days on Market
- 222
- Price Change
- ▲ $3,146,850 1784226550
- MLS#
- 22537035
- Subtype
- Commercial Sale
- Year Built
- 1871
- Acres
- 0.05
- Subdivision
- Ocean Grove
- Neighborhood
- Ocean Grove
- MLS Area Major
- Neptune Twp (NPT)
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!
Additional Information
- Taxes
- $34,256
- Stories
- 4
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Listing courtesy of RE/MAX Gateway. Contact: