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!
9,427 Sq Ft
2,178 Sq Ft Exterior Space
Commercial
$25,969 Annual Tax
Built in 1871
MLS/Listing ID 22518184
5 Stories
Parking - On Street
Heating - Baseboard
Electric
Listing Courtesy of RE/MAX GATEWAY, ALFREDO FRESNEDO - 732-361-0770
Source of Data: MONMOUTH OCEAN REGIONAL MULTIPLE LISTING SERVICE