5 Abbott Avenue, Ocean Grove, NJ 07756
$3,395,000
Property Type:
Commercial
Square Footage:
9,427
Lot Size (sq. ft.):
2,178
Status:
Active
Current Price:
$3,395,000
List Date:
12/19/2025
Last Modified:
12/19/2025
Overview
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!
Listing Details MLS# 22537035
Contract Info
- Property Sub-Type
- Commercial
- Sale
- Yes
- Lease
- No
- List Price/SqFt
- 360.14
- New Construction
- No
Location
- House Number
- 5
- Street Name
- Abbott
- Street Suffix
- Avenue
- County
- Monmouth
- Municipality
- Neptune Twp (NPT)
- Postal City
- Ocean Grove
- State
- NJ
- Zip Code
- 07756
- Area/Section
- Ocean Grove
- Complex/Subdivision
- Ocean Grove
- Directions
- East on Main, right on Central, left on Abbott
- Historic Dist
- Yes
General Property Info
- # Levels
- 4
- Apx SqFt
- 9427
- Apx Year Built
- 1871
- Garage
- No
- Acreage
- 0.05
- Lot Dimensions
- 60 x 38
- Business Operating
- Yes
- Franchise
- No
- Farm
- No
- # Car Garage
- 0
Tax and Legal
- Asmnt - Total
- 1894700
- Taxes
- 34256
- Tax Year
- 2025
Use
- Bed & Breakfast
- Yes
- Guest House
- Yes
- Hotel/Motel
- Yes
- Ice Cream Shop
- Yes
- Restaurant
- Yes
Water Type
- Oceanside/Beach Blk
- Yes
- Oceanview
- Yes
More Information
Electric
- 200 - 400 AMP
- Yes
Basement
- Finished
- Yes
- Full
- Yes
- Heated
- Yes
Gas
- On Site
- Yes
Seat Capacity
- 25 - 50
- Yes
Water Heater
- Natural Gas
- Yes
Heating
- Baseboard
- Yes
- Natural Gas
- Yes
Water
- Public Water
- Yes
Sewer
- Public Sewer
- Yes
Exterior
- Fire Escape
- Yes
Parking
- On Street
- Yes
Assessment Status
- Assessed
- Yes
Sale Includes
- Business Name
- Yes
- Equipment/Furniture
- Yes
- Goodwill
- Yes
- Inventory
- Yes
- Phone System
- Yes
- Signs
- Yes
- Training by Owner
- Yes
Property Features
Location:
Historic Dist; Historic Dist
Use:
Bed & Breakfast; Guest House; Hotel/Motel; Ice Cream Shop; Restaurant
Basement:
Finished; Full; Heated
Seat Capacity:
25 - 50
Heating:
Baseboard; Natural Gas
Water Heater:
Natural Gas
Water:
Public Water
Sewer:
Public Sewer
Gas:
On Site
Electric:
200 - 400 AMP
Exterior:
Fire Escape
Parking:
On Street
Sale Includes:
Business Name; Equipment/Furniture; Goodwill; Inventory; Phone System; Signs; Training by Owner
Water Type:
Oceanside/Beach Blk; Oceanview
Assessment Status:
Assessed
Listing Office:
RE/MAX Gateway
Listing Agent:
Alfredo Fresnedo
Last Updated: December - 19 - 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.