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Lillagaard Inn 5 Abbott Ave 22 Room Hotel Ocean Grove, NJ 07756 $4,641,135 CAD ($210,961 CAD/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 | $200.96 CAD | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 35-00230-0000-00015 | Improvements Assessment | $1,086,293 CAD |
| Land Assessment | $1,506,225 CAD | Total Assessment | $2,592,518 CAD |
Property Taxes
Parcel Number
35-00230-0000-00015
Land Assessment
$1,506,225 CAD
Improvements Assessment
$1,086,293 CAD
Total Assessment
$2,592,518 CAD
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Lillagaard Inn | 5 Abbott Ave
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