19 Main Avenue, Ocean Grove, NJ 07756 (MLS# 22206006)

19 Main Avenue, Ocean Grove, NJ 07756

$3,663,000

Virtual Tour

http://homes.motioncitymedia.com/19mainave/?mls

Property Type: Commercial Square Footage: 10,500 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $3,663,000 List Date: 3/04/2022 Last Modified: 2/08/2025

Overview

Description

Presenting the ''Majestic Hotel''...the Jewel of the Jersey Shore. This top rated boutique hotel is ideally situated in the sweet spot of Ocean Grove just steps to the beach and quaint downtown. The boardwalk takes you directly to iconic Asbury Park! Fully restored in '99-'00, with a new addition in 2008 including a 3 room penthouse. 16 spacious guest quarters in total. In addition The Majestic is host to a 75 seat restaurant, w. chef's kitchen, perfect for corporate meetings and private events year round. Along with a retail space for leasing. Whether you are looking to add to your hospitality businesses, investment portfolio, or simply want to run your own business, this hotel offers numerous opportunities. Inn keepers quarters on the lower level.

Listing Details MLS# 22206006

Contract Info

Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price/SqFt: 400

Location

House Number: 19
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
Directions: Ocean Ave to Main Ave Beach Block

General Property Info

# Levels: 4
Apx SqFt: 10500
Apx Year Built: 1890
Garage: No
Acreage: 0.11
Lot Dimensions: 61x99
Business Name: The Majestic Hotel
Business Operating: Yes
# Car Garage: 0

Tax and Legal

Asmnt - Total: 1705600
Taxes: 35425
Tax Year: 2021

Status Change Info

Sold Date: 2023-05-23

Use

Hotel/Motel: Yes
Restaurant: Yes

More Information

Lot Description

Corner Lot: Yes

Water Type

Oceanview: Yes

Electric

Other - See Remarks: Yes

Gas

At Street: Yes

Water Heater

Natural Gas: Yes

Heating

Natural Gas: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Parking

On Street: Yes

Assessment Status

Assessed: Yes

Property Features

Use: Hotel/Motel; Restaurant Heating: Natural Gas Water Heater: Natural Gas Water: Public Water Sewer: Public Sewer Gas: At Street Electric: Other - See Remarks Parking: On Street Lot Description: Corner Lot Water Type: Oceanview Assessment Status: Assessed

Listing Office: Ward Wight Sotheby's International Realty

Listing Agent: Joanne McLaughlin

Last Updated: February - 08 - 2025

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.