$1,750,000
Ocean Grove, NJ 07756
MLS# 22038482
Status: Closed
10260 sqft
1 / 25
Property Description
Here is your chance to own an iconic Ocean Grove property. A 28 room inn with frontage on Main Avenue, Central Avenue and Olin Street. Within 2 blocks of the beach, and ocean views from its wide porches, the Quaker Inn is an amazing and rare investment opportunity. This structure is approximately 10,260 square feet. This is a turn-key business and/or possible condo conversion. Buyer must do all due-diligence with respect to Neptune Township Code, Zoning and Historic Preservation Commision requirements in that regard. Please go to www.quakerinn.com for photos of rooms and information about the Quaker Inn. Architural drawings of the building are available for your review.
Details
Maps
Contract Info
Status: Closed
List Date: 2020-10-26
Property Sub-Type: Commercial
Sale: Yes
Lease: No
Sold Price: $1,600,000
Current Price: $1,600,000
List Price/SqFt: 170.57
New Construction: No
Location
House Number: 39
Street Name: Main
Street Suffix: Avenue
County: Monmouth
Municipality: Neptune Twp (NPT)
Postal City: Ocean Grove
State: NJ
Zip Code: 07756
Area/Section: Ocean Grove
Directions: Main Avenue to 39. The Inn is on the North side of the street, second beach block.
General Property Info
# Levels: 3
Apx SqFt: 10260
Apx Year Built: 1876
Garage: No
Acreage: 0.12
Lot Dimensions: 30 x 117
Business Name: Quaker Inn
Business Operating: Yes
Franchise: No
Tax and Legal
Asmnt - Total: 1666400
Taxes: 33098
Tax Year: 2019
Status Change Info
Under Contract Date: 2021-01-29
Sold Date: 2021-03-22
Sold Price: $1,600,000
Property Features
Location: Historic Dist; Historic Dist
Use: Hotel/Motel
Basement: Full
Cooling: Window Unit(s)
Heating: Natural Gas
Water Heater: Off Boiler
Water: Public Water
Sewer: Public Sewer
Gas: At Street
Electric: 220 Volt; Single Phase
Parking: On Street
Roof: Shingled
Water Type: Oceanview
Assessment Status: Assessed
Documents Available: Appraisal; Building Plan
Listing Office: Sunrise Coastal Properties
Listing Agent: Carol Dunleavy
Last Updated: March - 22 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.