Skip To Content

    1505 Ocean Avenue

    Spring Lake, NJ 07762
    • $7,999,999
    • STATUS: Active
    • ON SITE: 59 days
    • MLS #: 22115591
    UPDATED: 46 min ago
    $7,999,999
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    Description

    The Grand Victorian Hotel located on Springs Lake's most prestigious ''Ocean Avenue'' is now available. This wonderful oceanfront property has undergone an extensive renovation. Situated on a 100x150 oceanfront lot this Hotel property features 19 guest rooms, many with oceanviews, and also features the new ''Ocean Balcony Suite'' yielding the most extraordinary oceanviews up and down the coast from your private third floor open deck/porch. The Hotel includes a 110 seat restaurant facility with a fully equipped kitchen, manager's office and liquor license. The wrap-around front porch allows wonderful, weather-proof, year-round oceanfront dining. The restaurant facility is currently under a multi-year lease with ''Bareli's by the Sea'', a thriving restaurant business featuring fine diningwith ocean views! The 19 guest rooms, together with the rental income from the restaurant lease and catered events provide the Grand Victorian Hotel with a substantial revenue stream.

    Monthly Payment Calculator



    © 2021 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or The Ventre Team | eXp Realty. Data last updated 2021-09-24T10:19:53.313.
    www.theventreteam.com/homes/119723077
    Print Image

    1505 Ocean Avenue Spring Lake, NJ 07762

    • Price: $7,999,999
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 22115591
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    1920
    Built
    Neighborhood:
    Spring Lake (SPR)
    County:
    Monmouth
    Area:
    Spring Lake (SPR)
    Property Description
    The Grand Victorian Hotel located on Springs Lake's most prestigious ''Ocean Avenue'' is now available. This wonderful oceanfront property has undergone an extensive renovation. Situated on a 100x150 oceanfront lot this Hotel property features 19 guest rooms, many with oceanviews, and also features the new ''Ocean Balcony Suite'' yielding the most extraordinary oceanviews up and down the coast from your private third floor open deck/porch. The Hotel includes a 110 seat restaurant facility with a fully equipped kitchen, manager's office and liquor license. The wrap-around front porch allows wonderful, weather-proof, year-round oceanfront dining. The restaurant facility is currently under a multi-year lease with ''Bareli's by the Sea'', a thriving restaurant business featuring fine diningwith ocean views! The 19 guest rooms, together with the rental income from the restaurant lease and catered events provide the Grand Victorian Hotel with a substantial revenue stream.
    Exterior Features

    Garage No Lot Dimensions 100 X 150 Parking Driveway On Street

    Interior Features

    Heat Fuel Natural GasOtherSee Remarks Water Heater Natural GasOther - See Remarks

    Property Features

    Assessment Land 3634400.00 Assessment Status Assessed Assessment Total 3765300.00 Business Operating Yes Commercial Type Commercial Electric1 Other - See Remarks Excluded Please Consult With Listing Agent For Detailed information Regarding What's included / Excluded. Franchise No Gas On Site Handicap Access No Improvements Assessment 130900.00 Lease No Sale Yes Sewer Public Sewer Tax Year 2021 Taxes 24236.00 Use Hotel/MotelRestaurant Water Public Water

    Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of Walter E Kimm of Ward Wight Sotheby's International Realty.


    © 2021 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or The Ventre Team | eXp Realty. Data last updated 2021-09-24T10:19:53.313.
     
    https://bt-photos.global.ssl.fastly.net/monmouth/1280_boomver_1_22115591-2.jpg https://bt-photos.global.ssl.fastly.net/monmouth/1280_boomver_1_22115591-2.jpg https://bt-photos.global.ssl.fastly.net/monmouth/1280_boomver_1_22115591-2.jpg
    Logo
    The Ventre Team | eXp Realty
    503 NJ-71
    Spring Lake NJ, 07762