Property
Ocean Grove, NJ 07756 5 Abbott Avenue
$3,795,000
41 more
Presented By: Alfredo Fresnedo, RE/MAX Gateway
SQFT • 9,427
Home Details
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!
Presented By: Alfredo Fresnedo, RE/MAX Gateway
Interior Features for 5 Abbott Avenue
Bathrooms
Total Baths
Other Interior Features
SeatingCapacity25
BasementFinished, Full, Heated
Heating Y/NYes
Heating-BaseboardTrue
Total Fireplaces
General for 5 Abbott Avenue
Accessibility Features Y/NNone
Additional Parcels Y/NNo
Business TypeBed & Breakfast, Restaurant, Ice Cream Shop, Hotel/Motel, Guest House
Carport Y/NNo
CityOcean Grove
CountyMonmouth
DirectionsEast on Main Ave, right on Central Ave, left on Abbott Ave.
Garage Spaces0.0
Garage Y/NNo
HeatingBaseboard
Home Warranty Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet2178.0
MLS AreaOcean Grove
MLS Area MinorNeptune Twp (NPT)
MobileHomeRemainsYNNo
ModificationTimestamp2025-06-25T06:34:29Z
New ConstructionNo
Property SubtypeCommercial
Property TypeCommercial Sale
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories5
Subdivision NameOcean Grove
Tax Annual Amount25969.0
Tax Assessed Value1510700
Tax Year2024
Utilities@Core.PermissionsNone
Water Body Access Y/NNone
Waterfront FeaturesOceanside/Beach Blk, Oceanview
Year Built1871
Exterior for 5 Abbott Avenue
Building Area Total9427.0
Crops Included Y/NNo
FencingElectric
Horse Y/NNo
InclusionsTraining by Owner, Signs, Phone System, Inventory, Goodwill, Equipment/Furniture, Business Name
Irrigation Water Rights Y/NNo
Lot Dimensions60 x 38
Lot Size Acres0.05
Lot Size Area0.05
Parking FeaturesOn Street
SpaNo
Water SourcePublic
Additional Details
Price History
Charles Torres
Owner