5 Abbott Avenue, Ocean Grove, NJ 07756 (MLS# 22214135)


$3,699,000
5 Abbott Avenue
Ocean Grove, NJ 07756
MLS# 22214135



5 Abbott Avenue, Ocean Grove, NJ 07756
  1 / 54  
5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756 5 Abbott Avenue, Ocean Grove, NJ 07756

Property 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, 20 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! https://www.lillagaard.com/

Details
Maps
Contract Info
Status: Active
List Date: 2022-05-11
Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price: $3,699,000
Current Price: $3,699,000
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
General Property Info
# Levels: 4
Apx Year Built: 1871
Garage: No
Acreage: 0.05
Lot Dimensions: 60 x 38
Business Name: Lillagaard
Business Operating: Yes
Franchise: No
Tax and Legal
Asmnt - Total: 992000
Taxes: 20604
Tax Year: 2021
Property Features
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
Assessment Status: Assessed

Listing Office: RE/MAX Gateway

Listing Agent: Alfredo Fresnedo

Last Updated: May - 13 - 2022

5 Abbott Avenue, Ocean Grove, NJ 07756 - MLS# 22214135

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.

Saturday 25th of June 2022 01:15 AM