# 5 Abbott Avenue, Ocean Grove, NJ 07756

> **TL;DR:** commercial, $3,395,000 ($360/sqft), built 1871, 9,427 sqft.
> Waterfront. Est. $14,712/mo. Listed 112 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,395,000 |
| Price/sqft | $360 |
| Square Feet | 9,427 |
| Year Built | 1871 |
| Lot Size | 2,178 sqft (0.05 acres) |
| Stories | 4 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 112 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $14,712 |
| **Total** | **$14,712** |

## Key Amenities

- Waterfront

## Property Highlights

- Built in 1871
- 0.05 acre lot
- 4 stories
- Waterfront

## Description

### Agent 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!

## Location

- **Address:** 5 Abbott Avenue, Ocean Grove, NJ 07756
- **County:** Monmouth
- **Coordinates:** 40.209903, -74.004875
- **Google Maps:** https://www.google.com/maps?q=40.209903,-74.004875

## Listing Agent

- **Name:** Alfredo Fresnedo
- **Brokerage:** RE/MAX Gateway
- **Phone:** 7323610770
- **Email:** alfresnedo@yahoo.com

## Primary Photo

![5 Abbott Avenue - Primary Photo](http://lh.rdcpix.com/c6078114bc506b3dcc1bdb879c01c9d6l-f2413809495r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/5-abbott-avenue-ocean-grove-nj-07756-22537035)*

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**MLS#:** 22537035 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5-abbott-avenue-ocean-grove-nj-07756-22537035)

---

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