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24 Central Ave

Ocean Grove, NJ 07756

$775,000

Hotel For Sale  •  3,914 Sq Ft

Property Details

  • Property Type Hotel
  • Total Building Size 3,914 Sq Ft
  • Lot Size 0.04 ac
  • Building Class C
  • Year Built 1870
  • Tenancy Single
  • Zoning HD1F
40 Transit Score
91 Walk Score

Description

This property is the last remaining multi-generational owned an operated hotel in Ocean Grove, NJ.  It has been lovingly owned and operated by the women in this family since 1899.  There is an owner's apartment, a guest kitchen and lobby and 15 guest bedrooms.  Two spacious porches capture the ocean breeze and provide rest and relaxation to hotel guests.  The property is being sold fully furnished along with its own website.  It is indeed a turnkey operation for the next innkeeper.

      Or, you can explore the opportunity to convert the property into condos or apartments.  Or, you may be from the tri-state area and just want to own a large family beach house that your family and friends can escape to all summer long.  This is a park your car and forget about it destination.  Everything you need or want  is within walking distance.  To live within Ocean Grove and be a few blocks away from Asbury Park, the Shore's hippest new destination, is the most ideal place to own a home on the Jersey Shore.

Highlights

Well maintained, upgraded systems and 2 blocks to the beach, town center and 5 blocks to Asbury Park.

Major Tenants

Tenant SF Occupied Lease End Date
Central Ave. House 3,900 SF

Amenities

  • Bus Line
  • Commuter Rail

Public Transportation

Commuter RailDriveWalkDistance
Asbury Park Commuter Rail (North Jersey Coast Line) 3 min 12 min 0.6 mi
Bradley Beach Commuter Rail (North Jersey Coast Line) 5 min - 1.3 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Jennifer Sirois 732-775-3579 Central Avenue House
Jennifer Sirois 732-775-3579 Central Avenue House