$4,250,000
Ocean Grove, NJ 07756
MLS# 22623470
10260 sqft
1 / 116
Property Description
LOCATION! LOCATION! LOCATION! This iconic hotel sits on a corner triple lot in the heart of Historic Ocean Grove. Outside your front door is our vibrant downtown, 2 short blocks and you arrive at our pristine ocean front, and only a few blocks away is the Great Auditorium and a footbridge that crosses Wesley Lake to Asbury Park. The hotel offers 28 rooms, 26 have en suite baths and 2 rooms share a bath, Plenty of outdoor space with 3 levels of porches in the front and 2 levels at the rear, The owners/managers unit offers 1 bedroom, living room, kitchen, full bath and office. This profitable investment is turn key. If you've dreamed of being an innkeeper this one is for you. Don't miss out on this wonderful property.
Details
Maps
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 414.23
Status: Active
List Date: 2026-07-29
Property Sub-Type: Commercial
List Price: $4,250,000
Current Price: $4,250,000
Location
Area/Section: Ocean Grove
House Number: 39
Street Name: Main
Street Suffix: Avenue
County: Monmouth
Municipality: Neptune Twp (NPT)
Postal City: Ocean Grove
State: NJ
Zip Code: 07756
Complex/Subdivision: Ocean Grove
Directions: Enter Ocean Grove on Main Ave, hotel is on the corner of Main and Central.
General Property Info
# Levels: 3
Acreage: 0.12
Lot Dimensions: 30 x 117
Garage: No
# Car Garage: 0
Business Operating: Yes
Apx SqFt: 10260
Apx Year Built: 1876
Tax and Legal
Asmnt - Total: 1579500
Taxes: 30356
Tax Year: 2026
Income & Expenses
# Rental Units: 28
Use
Bed & Breakfast: 1
Guest House: 1
Hotel/Motel: 1
Lot Description
Corner Lot: 1
Level: 1
Water Type
Oceanside/Beach Blk: 1
Oceanview: 1
Electric
200 - 400 AMP: 1
Basement
Full: 1
Gas
On Site: 1
Water Heater
Natural Gas: 1
Heating
Baseboard: 1
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Parking
On Street: 1
Assessment Status
Assessed: 1
Property Features
Use: Bed & Breakfast; Guest House; Hotel/Motel
Basement: Full
Heating: Baseboard; Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 200 - 400 AMP
Parking: On Street
Lot Description: Corner Lot; Level
Water Type: Oceanside/Beach Blk; Oceanview
Assessment Status: Assessed
Listing Office: RE/MAX Gateway
Listing Agent: Alfredo Fresnedo
Last Updated: July - 31 - 2026
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.