5 Abbott Avenue Ocean Grove, NJ $ 3,795,000
5 Abbott Avenue
$ 3,795,000
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5 Abbott Avenue

Ocean Grove, NJ, 07756
$ 3,795,000
Bedrooms-- Baths-- Sq 9,427

Monthly Estimate*

$ 23,676

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Commercial Property for sale in Ocean Grove, NJ

for $3,795,000. This 9,427 square foot building was built in 1871 on a lot size of 0.05.

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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Commercial Active

Price

$ 3,795,000

Property Type

Commercial

Taxes

$ 25,969

Style

Lot Size

0.05

Year Built

1871

Town/City

Ocean Grove

County/Region

Monmouth

MLS | Web ID

22518184

Features
General
Sewer Public Sewer
Heating Baseboard
Garage Spaces 0.0
Year Built 1871
Stories Count 5
Property Subtype Commercial
Tax Year 2024
Business Type Bed & Breakfast Restaurant Ice Cream Shop Hotel/Motel Guest House
Waterfront Features Oceanside/Beach Blk Oceanview
County Monmouth
New Construction N
Property Type Commercial Sale
Subdivision Name Ocean Grove
Garage Y/N N
Status Active
Directions East on Main Ave right on Central Ave left on Abbott Ave.
City Ocean Grove
MLS Area Ocean Grove
Lot Size Square Feet 2178.0
Carport Y/N N
Tax Annual Amount 25969.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Neptune Twp (NPT)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 1510700
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Interior
Basement Finished Full Heated
Total Fireplaces 0
Heating Y/N Y
Total Baths 0
Heating-Baseboard True
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Exterior
Fencing Electric
Parking Features On Street
Water Source Public
Inclusions Training by Owner Signs Phone System Inventory Goodwill Equipment/Furniture Business Name
Lot Size Area 0.05
Spa N
Building Area Total 9427.0
Lot Dimensions 60 x 38
Lot Size Acres 0.05
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Alfredo Fresnedo

Listing Agent

Re/Max Gateway

Broker

alfresnedo@yahoo.com

Email

Affordability Calculator

$25,840
Per Month
92%
8%
0%
Monthly Principal & Interest
$23,676
Monthly Property Taxes
$2,164
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
742343 Elementary School
742618 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/19/2025$3,795,000 Listed Price

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5 Abbott Avenue, Ocean Grove, NJ, 07756 is a Commercial Property for sale at $3,795,000 with 9,427 sqft and a lot size of 0.05. 5 Abbott Avenue was built in 1871. The property's zip code is 07756 which is in Ocean Grove, NJ