Log In/Sign Up
Your email has been sent.
Lillagaard Inn 5 Abbott Ave 22 Room Hotel Ocean Grove, NJ 07756 $3,795,000 ($172,500/Room)
Investment Highlights
- 49 seat restaurant with separete entrance.
- Just steps to Ocean Grove's beautiful beach.
Executive Summary
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!
Property Facts
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $147.00 | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 35-00230-0000-00015 | Improvements Assessment | $793,900 |
| Land Assessment | $1,100,800 | Total Assessment | $1,894,700 |
Property Taxes
Parcel Number
35-00230-0000-00015
Land Assessment
$1,100,800
Improvements Assessment
$793,900
Total Assessment
$1,894,700
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Lillagaard Inn | 5 Abbott Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.