United StatesNew JerseySpring LakeThe Grand Victorian Hotel

The Grand Victorian Hotel
1505 Ocean Avenue Spring Lake, New Jersey 07762 United States

$7,999,999
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Ward Wight Sotheby's International Realty

Walter Kimm
  • Real Estate Professional
1117 Third Ave
Spring Lake, New Jersey 07762 United States
$7,999,999
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19
Bedrooms
19
Full Baths
4
Partial Baths
Single Family Homes
Property type
9XFLRE
Web Id
22115586
MLS ID
Spring Lake Borough
School District
H. W. Mountz
Elementary
H. W. Mountz
Middle
157
days ago

About 1505 Ocean Avenue

The Grand Victorian Hotel located on Springs Lake’s most prestigious “Ocean Avenue” is now available. This wonderful oceanfront property has undergone an extensive renovation. Situated on a 100x150 oceanfront lot this Hotel property features 19 guest rooms, many with oceanviews, and also features the new “Ocean Balcony Suite” yielding the most extraordinary oceanviews up and down the coast from your private third floor open deck/porch. The Hotel includes a 110 seat restaurant facility with a fully equipped kitchen, manager’s office and liquor license. The wrap-around front porch allows wonderful, weather-proof, year-round oceanfront dining. The restaurant facility is currently under a multi-year lease with “Bareli’s by the Sea”, a thriving restaurant business featuring fine dining with ocean views! The 19 guest rooms, together with the rental income from the restaurant lease and catered events provide the Grand Victorian Hotel with a substantial revenue stream.

features

lot description
Beach, Ocean, Water View, Jogging / Biking Path
Style
Custom

PROPERTY INFORMATION

Basement
Yes
Heating
Natural Gas, Other, See Remarks
Sewer
Public Sewer, Public Water
Style
Custom
Waterfront
Yes

EXTERIOR

Exterior Features
Balcony, Porch - Enclosed
Roofing
Other - See Remarks

INTERIOR

Rooms
25

ADDITIONAL INFORMATION

ANNUAL PROPERTY TAX
$24, 236

Ward Wight Sotheby's International Realty

Walter Kimm
  • Real Estate Professional
1117 Third Ave
Spring Lake, New Jersey 07762 United States
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