Ocean Grove, NJ Oceanvue 9 BR inn
| Asking Price: | $1,595,000 | Inventory: | $150,000 ++ |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Steps to ocean and boardwalk & just 60 miles to New York City, this exquisite, totally renovated Victorian building features 9 BRS (8 ensuite), 10.5 total baths, and an inlaw suite on lower level, Meticulously restored, owner has spared no expense to make the building a jewel! Business has been more of a hobby for current owner; a dedicated innkeeper could look to gross $250K + with sustained marketing. Beautiful bedroom furnishings are mainly included. Bathrooms are newer. New Central Air. Side Garden. Property faces lake and ocean. Ocean Grove, NJ has been fetured in NATIONAL GEOGRAPHIC MAGAZINE, THE NY TIMES, NJ MONTHLY, and many other international publications. It is a 1 square mile town with interesting cafes, shops, a 6000 seat summer Auditorium featuring such artists as Johnny Mathis; Peter, Paul & Mary and Abba. The beach is a huge summer draw for New Yorkers -- bus service is walking distance to inn; NY/NJ trains are a 5 minute cab ride.
About the Business
Market Outlook and Competition:Good beach town in between Asbury Park and Bradley Beach, NJ and 5 minutes to Belmar, Avon-by-the-Sea; 15 minutes or less to Spring Lake and Long Branch.
About the Sale
Reason For Selling:Retiring
KEYWORDS: Oceanview, beach, Victorian, historical, boardwalk, bed and breakfast, inn, residential home
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