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5 Abbott Avenue

Ocean Grove, NJ 07756
  • $3,795,000
  • STATUS: Active
  • ON SITE: 169 Days
  • ID#: 22518184
UPDATED: 49 min ago
$3,795,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,427
    SQFT
  • $403
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1871
County:

School Ratings & Info

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!

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© 2025 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Data last updated 2025-12-06T10:19:17.987.
www.rowackrealestateteam.com/homes/165082762
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5 Abbott Avenue Ocean Grove, NJ 07756

  • Price: $3,795,000
  • Status: Active
  • On Site: 169 Days
  • Updated: 49 min ago
  • ID#: 22518184
0
Beds
0
Baths
0
½ Baths
0.05
Acres
9,427
SQFT
$403
$/SQFT
1871
Built
Neighborhood:
Ocean Grove
County:
Monmouth
Area:
Neptune Twp (NPT)
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!
Exterior Features

Exterior Features [] Garage YN No Parking Features On Street Roof [] Waterfront Features Oceanside/Beach BlkOceanview

Interior Features

Basement FinishedFullHeated Cooling [] Fireplaces Total 0 Flooring [] Heating Baseboard Heating YN Yes Inclusions Training by OwnerSignsPhone SystemInventoryGoodwillEquipment/FurnitureBusiness Name Interior Features []

Property Features

Assessment Assessed Yes Association Fee Includes [] Gas On Site Yes Lease No Lot Features [] New Construction YN No Owner Pays [] Property Sub Type Commercial Sale Yes Sewer Public Sewer Tax Annual Amount 25969 Tax Year 2024 Water Heater Natural Gas Yes Water Source Public

Listing information © 2025 Monmouth-Ocean MLS. Listing provided courtesy of Alfredo Fresnedo of RE/MAX Gateway: 732-361-0770.


© 2025 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Data last updated 2025-12-06T10:19:17.987.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042