Courtesy of: Alfredo Fresnedo, RE/MAX Gateway, alfresnedo@yahoo.com
Courtesy of: Alfredo Fresnedo, RE/MAX Gateway, alfresnedo@yahoo.com
$3,795,000
|
Lot: 0.05 Acres
|
|
Other
|
$3,795,000
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!
Courtesy of: Alfredo Fresnedo, RE/MAX Gateway, alfresnedo@yahoo.com
Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.