27 Webb Avenue, Ocean Grove, NJ 07756
$2,795,000
Property Type:
Commercial
Lot Size (sq. ft.):
3,485
Status:
Closed
Current Price:
$2,795,000
List Date:
4/18/2022
Last Modified:
2/09/2025
Overview
Description
The Inn at Ocean Grove offers guests the charm of this historic town w/modern updated amenities to make you feel at home. The 16 guest rooms & cottages all have private ensuite baths, in room refrigerators, cable TV & AC units.
There are 12 rooms inside the Inn, 2 summer cottages, studio apartment & a 1 bedroom apartment w/full kitchens & private entrances. The 1 bedroom apartment is currently occupied by the onsite Innkeepers. There is plenty of outdoor space to enjoy the fresh ocean air from the wraparound porch, balcony, roof top terrace or courtyard. The Inn books year around w/full capacity peak season rentals. If you have always dreamed of running a B&B or are just looking for a great investment opportunity, this turn key location in quaint Ocean Grove is fully operational.
Listing Details MLS# 22211081
Contract Info
- Property Sub-Type
- Multi Family
- Sale
- Yes
- Lease
- No
Location
- House Number
- 27
- Street Name
- Webb
- Street Suffix
- Avenue
- County
- Monmouth
- Municipality
- Neptune Twp (NPT)
- Postal City
- Ocean Grove
- State
- NJ
- Zip Code
- 07756
- Area/Section
- Ocean Grove
- Directions
- Ocean Ave to Webb, go up 1.5 blocks. The Inn is on your right.
General Property Info
- # Levels
- 4
- Apx Year Built
- 1901
- Garage
- No
- Acreage
- 0.08
- Lot Dimensions
- 60 x 60
- Business Name
- The Inn at Ocean Grove
- Business Operating
- Yes
- # Car Garage
- 0
Tax and Legal
- Asmnt - Total
- 781500
- Taxes
- 16232
- Tax Year
- 2021
Status Change Info
- Under Contract Date
- 2022-05-19
- Sold Date
- 2023-04-19
Income & Expenses
- # Rental Units
- 16
More Information
Use
- Bed & Breakfast
- Yes
Water Type
- Oceanview
- Yes
Floors
- Tile
- Yes
- Vinyl
- Yes
- Other
- Yes
Electric
- Other - See Remarks
- Yes
Basement
- Partial
- Yes
Gas
- On Site
- Yes
Cooling
- Window Unit(s)
- Yes
Water Heater
- Natural Gas
- Yes
Heating
- Natural Gas
- Yes
Water
- Public Water
- Yes
Sewer
- Public Sewer
- Yes
Exterior
- Fire Escape
- Yes
- Lighting
- Yes
- Security System
- Yes
- Sign
- Yes
Common Elements
- Community Room
- Yes
Parking
- On Street
- Yes
Assessment Status
- Assessed
- Yes
Sale Includes
- Business Name
- Yes
- Equipment/Furniture
- Yes
- Goodwill
- Yes
- Inventory
- Yes
- Signs
- Yes
- Training by Owner
- Yes
Documents Available
- Financial Statement
- Yes
- Lease
- Yes
Property Features
Use:
Bed & Breakfast
Floors:
Tile; Vinyl; Other
Basement:
Partial
Cooling:
Window Unit(s)
Heating:
Natural Gas
Water Heater:
Natural Gas
Water:
Public Water
Sewer:
Public Sewer
Gas:
On Site
Electric:
Other - See Remarks
Exterior:
Fire Escape; Lighting; Security System; Sign
Parking:
On Street
Sale Includes:
Business Name; Equipment/Furniture; Goodwill; Inventory; Signs; Training by Owner
Water Type:
Oceanview
Common Elements:
Community Room
Assessment Status:
Assessed
Documents Available:
Financial Statement; Lease
Listing Office:
RE/MAX Synergy
Listing Agent:
Anna Garifine
Last Updated: February - 09 - 2025
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