5 Abbott Avenue, Ocean Grove, NJ 07756
sale
$3,395,000
|
Other
Courtesy Of 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, 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!
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Amenities: Water Front
- Floors: 4
- Heating System: Baseboard
- MLSID: 22537035
- Rooms: Basement
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