27 Webb Avenue, Ocean Grove, NJ 07756 (MLS# 22211081)

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

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.