27 Webb Avenue, Ocean Grove, NJ 07756
$2,795,000
Property Type:
Commercial
Lot Size (sq. ft.):
3,485
Status:
Closed
Current Price:
$2,795,000
List Date:
4/18/2022
Last Modified:
2/09/2025
Description
The Inn at Ocean Grove offers guests the charm of this historic town w/modern updated amenities to make you feel at home. The 16 guest rooms & cottages all have private ensuite baths, in room refrigerators, cable TV & AC units.
There are 12 rooms inside the Inn, 2 summer cottages, studio apartment & a 1 bedroom apartment w/full kitchens & private entrances. The 1 bedroom apartment is currently occupied by the onsite Innkeepers. There is plenty of outdoor space to enjoy the fresh ocean air from the wraparound porch, balcony, roof top terrace or courtyard. The Inn books year around w/full capacity peak season rentals. If you have always dreamed of running a B&B or are just looking for a great investment opportunity, this turn key location in quaint Ocean Grove is fully operational.
More Information MLS# 22211081
Contract Info
Sale: Yes
Lease: No
Status: Closed
List Date: 2022-04-18
Property Sub-Type: Multi Family
Sold Price: $2,795,000
Current Price: $2,795,000
Location
Area/Section: Ocean Grove
House Number: 27
Street Name: Webb
Street Suffix: Avenue
County: Monmouth
Municipality: Neptune Twp (NPT)
Postal City: Ocean Grove
State: NJ
Zip Code: 07756
Directions: Ocean Ave to Webb, go up 1.5 blocks. The Inn is on your right.
General Property Info
# Levels: 4
Acreage: 0.08
Lot Dimensions: 60 x 60
Garage: No
# Car Garage: 0
Business Name: The Inn at Ocean Grove
Business Operating: Yes
Apx Year Built: 1901
Tax and Legal
Asmnt - Total: 781500
Taxes: 16232
Tax Year: 2021
Income & Expenses
# Rental Units: 16
Use
Bed & Breakfast: 1
Water Type
Oceanview: 1
Floors
Tile: 1
Vinyl: 1
Other: 1
Electric
Other - See Remarks: 1
Basement
Partial: 1
Gas
On Site: 1
Cooling
Window Unit(s): 1
Water Heater
Natural Gas: 1
Heating
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Fire Escape: 1
Lighting: 1
Security System: 1
Sign: 1
Common Elements
Community Room: 1
Parking
On Street: 1
Assessment Status
Assessed: 1
Sale Includes
Business Name: 1
Equipment/Furniture: 1
Goodwill: 1
Inventory: 1
Signs: 1
Training by Owner: 1
Documents Available
Financial Statement: 1
Lease: 1
Status Change Info
Under Contract Date: 2022-05-19
Sold Date: 2023-04-19
Sold Price: $2,795,000
Property Features
Use: Bed & Breakfast
Floors: Tile; Vinyl; Other
Basement: Partial
Cooling: Window Unit(s)
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Exterior: Fire Escape; Lighting; Security System; Sign
Parking: On Street
Sale Includes: Business Name; Equipment/Furniture; Goodwill; Inventory; Signs; Training by Owner
Water Type: Oceanview
Common Elements: Community Room
Assessment Status: Assessed
Documents Available: Financial Statement; Lease
Listing Office:
RE/MAX Synergy
Listing Agent:
Anna Garifine
Last Updated: February - 09 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.