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$3,795,000

Est. payment - /mo

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9,427 SqFt

Active

5 Abbott Avenue Ocean Grove, NJ 07756

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Christine DeHart

christine@salmonrealestate.com +1(718) 273-1200

UPDATED:

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

Listed by RE/MAX Gateway

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States