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, 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!
Features of 5 Abbott Avenue
| MLS® # | 22518184 |
|---|---|
| Price | $3,795,000 |
| Bathrooms | 0.00 |
| Square Footage | 9,427 |
| Acres | 0.05 |
| Year Built | 1871 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Style | Bed & Breakfast, Restaurant, Ice Cream Shop, Hotel/Motel, Guest House |
| Status | Active |
Community Information
| Address | 5 Abbott Avenue |
|---|---|
| Area | Neptune Twp (NPT) |
| Subdivision | Ocean Grove |
| City | Ocean Grove |
| County | Monmouth |
| State | NJ |
| Zip Code | 07756 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Waterfront | Oceanside/Beach Blk, Oceanview |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Fireplace | No |
| # of Stories | 5 |
Exterior
| Exterior Features | Fire Escape |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Alfredo Fresnedo |
|---|---|
| Office | RE/MAX Gateway |