Courtesy: RE/MAX Gateway
732-361-0770
Alfredo Fresnedo
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!
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Ocean Grove is located in New Jersey. Ocean Grove, New Jersey has a population of 2,962. Ocean Grove is less family-centric than the surrounding county with 7.03% of the households containing married families with children. The county average for households married with children is 34%.
The median household income in Ocean Grove, New Jersey is $65,078. The median household income for the surrounding county is $110,356 compared to the national median of $69,021. The median age of people living in Ocean Grove is 59.8 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 47.5 inches per year, with 24.9 inches of snow per year.
