5 Abbott Avenue, Ocean Grove, NJ 07756 | MLS 22214135 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
Off Market
$3,699,000  

5 Abbott Avenue
Ocean Grove, NJ 07756

Other
Commercial
0.05
Acres Lot
1of
Photos
Map
Courtesy: Alfredo Fresnedo - RE/MAX Gateway
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!
22214135
Other
Monmouth
1871
0.05 Acres
Public Water
4
Public Sewer
$0.00
Ocean Grove
Interior Features
Basement
Finished,Full,Heated
Exterior / Lot Features
Parking
0 Covered Parking Spaces. On Street.
Lot Dimensions
60 x 38
Additional Exterior/Lot Features
Fire Escape.
Financial Considerations
$645,400
35-00230-0000-00015
$20,604