39 Main Avenue, Ocean Grove, NJ 07756

New Listing

$4,250,000

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Property Type: Commercial Square Footage: 10,260 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $4,250,000 List Date: 7/31/2026 Last Modified: 7/31/2026

Overview

Description

LOCATION! LOCATION! LOCATION! This iconic hotel sits on a corner triple lot in the heart of Historic Ocean Grove. Outside your front door is our vibrant downtown, 2 short blocks and you arrive at our pristine ocean front, and only a few blocks away is the Great Auditorium and a footbridge that crosses Wesley Lake to Asbury Park. The hotel offers 28 rooms, 26 have en suite baths and 2 rooms share a bath, Plenty of outdoor space with 3 levels of porches in the front and 2 levels at the rear, The owners/managers unit offers 1 bedroom, living room, kitchen, full bath and office. This profitable investment is turn key. If you've dreamed of being an innkeeper this one is for you. Don't miss out on this wonderful property.

Listing Details MLS# 22623470

Contract Info

Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price/SqFt: 414.23

Location

House Number: 39
Street Name: Main
Street Suffix: Avenue
County: Monmouth
Municipality: Neptune Twp (NPT)
Postal City: Ocean Grove
State: NJ
Zip Code: 07756
Area/Section: Ocean Grove
Complex/Subdivision: Ocean Grove
Directions: Enter Ocean Grove on Main Ave, hotel is on the corner of Main and Central.

General Property Info

# Levels: 3
Apx SqFt: 10260
Apx Year Built: 1876
Garage: No
Acreage: 0.12
Lot Dimensions: 30 x 117
Business Operating: Yes
# Car Garage: 0

Tax and Legal

Asmnt - Total: 1579500
Taxes: 30356
Tax Year: 2026

Income & Expenses

# Rental Units: 28

Use

Bed & Breakfast: Yes
Guest House: Yes
Hotel/Motel: Yes

More Information

Lot Description

Corner Lot: Yes
Level: Yes

Water Type

Oceanside/Beach Blk: Yes
Oceanview: Yes

Electric

200 - 400 AMP: Yes

Basement

Full: Yes

Gas

On Site: Yes

Water Heater

Natural Gas: Yes

Heating

Baseboard: Yes
Natural Gas: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Parking

On Street: Yes

Assessment Status

Assessed: Yes

Property Features

Use: Bed & Breakfast; Guest House; Hotel/Motel Basement: Full Heating: Baseboard; Natural Gas Water Heater: Natural Gas Water: Public Water Sewer: Public Sewer Gas: On Site Electric: 200 - 400 AMP Parking: On Street Lot Description: Corner Lot; Level Water Type: Oceanside/Beach Blk; Oceanview Assessment Status: Assessed

Listing Office: RE/MAX Gateway

Listing Agent: Alfredo Fresnedo

Last Updated: July - 31 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.