$3,663,000
Ocean Grove, NJ 07756
MLS# 22206006
Status: Closed
10500 sqft
|
1 / 64
Property Description
Presenting the ''Majestic Hotel''...the Jewel of the Jersey Shore. This top rated boutique hotel is ideally situated in the sweet spot of Ocean Grove just steps to the beach and quaint downtown. The boardwalk takes you directly to iconic Asbury Park! Fully restored in '99-'00, with a new addition in 2008 including a 3 room penthouse. 16 spacious guest quarters in total. In addition The Majestic is host to a 75 seat restaurant, w. chef's kitchen, perfect for corporate meetings and private events year round. Along with a retail space for leasing. Whether you are looking to add to your hospitality businesses, investment portfolio, or simply want to run your own business, this hotel offers numerous opportunities. Inn keepers quarters on the lower level.
Details
Maps
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 400
Status: Closed
List Date: 2022-03-04
Property Sub-Type: Commercial
Sold Price: $3,663,000
Current Price: $3,663,000
Location
Area/Section: Ocean Grove
House Number: 19
Street Name: Main
Street Suffix: Avenue
County: Monmouth
Municipality: Neptune Twp (NPT)
Postal City: Ocean Grove
State: NJ
Zip Code: 07756
Directions: Ocean Ave to Main Ave Beach Block
General Property Info
# Levels: 4
Acreage: 0.11
Lot Dimensions: 61x99
Garage: No
# Car Garage: 0
Business Name: The Majestic Hotel
Business Operating: Yes
Apx SqFt: 10500
Apx Year Built: 1890
Tax and Legal
Asmnt - Total: 1705600
Taxes: 35425
Tax Year: 2021
Use
Hotel/Motel: 1
Restaurant: 1
Lot Description
Corner Lot: 1
Water Type
Oceanview: 1
Electric
Other - See Remarks: 1
Gas
At Street: 1
Water Heater
Natural Gas: 1
Heating
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Parking
On Street: 1
Assessment Status
Assessed: 1
Status Change Info
Sold Date: 2023-05-23
Sold Price: $3,663,000
Property Features
Use: Hotel/Motel; Restaurant
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: At Street
Electric: Other - See Remarks
Parking: On Street
Lot Description: Corner Lot
Water Type: Oceanview
Assessment Status: Assessed
Listing Office: Ward Wight Sotheby's International Realty
Listing Agent: Joanne McLaughlin
Last Updated: February - 08 - 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.