5 Abbott Avenue
5 Abbott Avenue Ocean Grove, New Jersey 07756 United States

$3,699,000
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New Listing
$3,699,000
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.05 Acres
Exterior
Commercial
Property type
1871
Year Built
22214135
Web Id
22214135
MLS ID
Ocean Grove
Subdivision
Neptune Township
School District
11
days ago

About 5 Abbott Avenue

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! https://www.lillagaard.com/

This property is located in municipality of "Neptune Twp (NPT)"

Listing Courtesy of Alfredo Fresnedo, RE/MAX Gateway

PROPERTY INFORMATION

Basement
Finished, Full, Heated
Heating
Baseboard, Natural Gas
Parking Description
On Street

EXTERIOR

Exterior Features
Fire Escape

ADDITIONAL INFORMATION

ANNUAL PROPERTY TAX
$20, 604

Monmounth County MLS - Ward Wight SIR

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