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About This Home
This 0-bedroom, 0-bathroom commercial at 5 Abbott Avenue in Ocean Grove, NJ is listed for $3,395,000 ($360 per sqft). Built in 1871, the home offers 9,427 sqft of living space on a 0.05 acres lot.
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!
Key Features
- Built in 1871
- 0.05 acre lot
- 4 stories
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$18,157/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5 Abbott Avenue
Ocean Grove, NJ 07756
Property Details
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 5 Abbott Avenue is listed at $3,395,000 ($360/sqft). The estimated monthly payment is $14,712 based on 20% down at 6.5% interest.
Key features include: Built in 1871, 0.05 acre lot, 4 stories, Waterfront.
This property is listed by Alfredo Fresnedo and can be reached at 7323610770 or alfresnedo@yahoo.com.