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5 Abbott Avenue

Ocean Grove, NJ 07756
  • $3,699,000
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: 22214135
UPDATED: 40 min ago
$3,699,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1871
County:

School Ratings & Info

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, 20 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!

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© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2022-09-29T20:20:42.857.
www.candiesellshomes.com/homes/128590415
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5 Abbott Avenue Ocean Grove, NJ 07756

  • Price: $3,699,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 40 min ago
  • MLS #: 22214135
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1871
Built
Neighborhood:
Ocean Grove
County:
Monmouth
Area:
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, 20 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!
Exterior Features

Exterior Fire Escape Garage No Lot Dimensions 60 X 38 Parking Driveway On Street

Interior Features

Basement FinishedFullHeated Heat Fuel BaseboardNatural Gas Seat Capacity 25 - 50 Water Heater Natural Gas

Property Features

Assessment Land 645400.00 Assessment Status Assessed Assessment Total 992000.00 Business Name Lillagaard Business Operating Yes Commercial Type Commercial Electric1 200 - 400 AMP Franchise No Gas On Site Improvements Assessment 346600.00 Lease No Sale Yes Sewer Public Sewer Tax Year 2021 Taxes 20604.00 Use Bed/BreakfastGuest HouseHotel/MotelIce Cream ShopRestaurant Water Public Water

Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Alfredo Fresnedo of Re/Max Gateway: (732) 361-0770.


© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2022-09-29T20:20:42.857.
 
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