$3,795,000

5 Abbott Avenue, Ocean Grove, NJ 07756

  • 9,427 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1871
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $403/sqft
  • Property List Date Icon Listed 4 months ago

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!

Listing Status:
Active
Date Added:
June 19, 2025 at 05:00AM
Listing Office:
RE/MAX Gateway : 732-361-0770
Listing Agent:
Alfredo Fresnedo : 732-361-0770
MLS ID:
22518184
  • Basement: FinishedFullHeated
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • Parking: On Street
  • General: 5
  • Originating MLS: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • County: Monmouth
  • Zoning: 35-00230-0000-00015
  • Fencing: Electric
  • Water: Public
  • Sewer: Public Sewer
  • Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

This listing courtesy of Alfredo Fresnedo, RE/MAX Gateway

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Midtown Community Elementary School

1155 Corlies Ave, Neptune, NJ, 07753

Grades KG-5

0.69 miles away

N

Neptune Middle School

2300 Heck Ave, Neptune, NJ, 07753

Grades 6-8

1.89 miles away

N

Neptune High School

55 Neptune Blvd, Neptune, NJ, 07753

Grades 9-12

1.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.