5 Abbott Avenue, Ocean Grove, NJ 07756
$3,795,000
Property Type:
Commercial
Square Footage:
9,427
Lot Size (sq. ft.):
2,178
Status:
Active
Current Price:
$3,795,000
List Date:
6/19/2025
Last Modified:
6/25/2025
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!
More Information MLS# 22518184
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 402.57
New Construction: No
Status: Active
List Date: 2025-06-19
Property Sub-Type: Commercial
List Price: $3,795,000
Current Price: $3,795,000
Location
Area/Section: Ocean Grove
Historic Dist: 1
House Number: 5
Street Name: Abbott
Street Suffix: Avenue
County: Monmouth
Municipality: Neptune Twp (NPT)
Postal City: Ocean Grove
State: NJ
Zip Code: 07756
Complex/Subdivision: Ocean Grove
Directions: East on Main Ave, right on Central Ave, left on Abbott Ave.
General Property Info
# Levels: 5
Acreage: 0.05
Lot Dimensions: 60 x 38
Garage: No
# Car Garage: 0
Business Operating: Yes
Franchise: No
Farm: No
Apx SqFt: 9427
Apx Year Built: 1871
Tax and Legal
Asmnt - Total: 1510700
Taxes: 25969
Tax Year: 2024
Use
Bed & Breakfast: 1
Guest House: 1
Hotel/Motel: 1
Ice Cream Shop: 1
Restaurant: 1
Water Type
Oceanside/Beach Blk: 1
Oceanview: 1
Electric
200 - 400 AMP: 1
Basement
Finished: 1
Full: 1
Heated: 1
Gas
On Site: 1
Seat Capacity
25 - 50: 1
Water Heater
Natural Gas: 1
Heating
Baseboard: 1
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Fire Escape: 1
Parking
On Street: 1
Assessment Status
Assessed: 1
Sale Includes
Business Name: 1
Equipment/Furniture: 1
Goodwill: 1
Inventory: 1
Phone System: 1
Signs: 1
Training by Owner: 1
Property Features
Location: Historic Dist; Historic Dist
Use: Bed & Breakfast; Guest House; Hotel/Motel; Ice Cream Shop; Restaurant
Basement: Finished; Full; Heated
Seat Capacity: 25 - 50
Heating: Baseboard; Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 200 - 400 AMP
Exterior: Fire Escape
Parking: On Street
Sale Includes: Business Name; Equipment/Furniture; Goodwill; Inventory; Phone System; Signs; Training by Owner
Water Type: Oceanside/Beach Blk; Oceanview
Assessment Status: Assessed
Listing Office:
RE/MAX Gateway
Listing Agent:
Alfredo Fresnedo
Last Updated: June - 25 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. 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.