5 Abbott Avenue, Ocean Grove, NJ 07756 (MLS# 22537035)

5 Abbott Avenue, Ocean Grove, NJ 07756

$3,150,000

5-Abbott-Ave-Ocean-Grove-NJ-large-044-61

5 Abbott Ave Ocean Grove NJ-large-001-13

Property Type: Commercial Square Footage: 9,427 Lot Size (sq. ft.): 2,178 Status: Active

Current Price: $3,150,000 List Date: 12/19/2025 Last Modified: 7/16/2026

Overview

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, 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!

Listing Details MLS# 22537035

Contract Info

Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price/SqFt: 334.15
New Construction: No

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 SqFt: 9427
Apx Year Built: 1871
Garage: No
Acreage: 0.05
Lot Dimensions: 60 x 38
Business Operating: Yes
Franchise: No
Farm: No

Tax and Legal

Asmnt - Total: 1894700
Taxes: 34256
Tax Year: 2025

More Information

Property Features

Location: Historic Dist; Historic Dist 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 Sale Includes: Business Name; Equipment/Furniture; Goodwill; Inventory; Phone System; Signs; Training by Owner Water Type: Oceanside/Beach Blk; Oceanview Assessment Status: Assessed

Listing Office: RE/MAX Gateway

Listing Agent: Alfredo Fresnedo

Last Updated: July - 16 - 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.