Price Reduction
19 Main Avenue Ocean Grove, NJ
$ 3,950,000
Property Attributes
  • MLS#22028457
  • TypeCommercial
  • CountyMONMOUTH
  • CityOcean Grove
  • AreaNeptune Twp
  • NeighborhoodOcean Grove
  • Zip07756
  • StyleCommercial
  • Year Built1865
  • Taxes36039
  • Price$ 3,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12500
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Matthew Garabedian, Garabedian Realty Group, LLC
Property Description

We are pleased to offer for sale ''The Majestic'' hotel in Ocean Grove New Jersey. The Majestic is a 16 Room Hotel with Restaurant originally built in 1865 and completely restored in 1999-2000. Originally only 9 rooms, in 2008 an additional 6 rooms including a penthouse were added including countless upgrades. The fully equipped restaurant has an occupancy of 70 as well as seating for 24 for porch dining. The property is ideally located on a corner and is steps from the beach as well as shopping and additional dining establishments. Do not miss this unique opportunity for any entrepreneur, restaurateur, or possible end user. A detailed property list and income information is available upon request to a qualified buyer.

Price History
8/14/2020 Listed $4,200,000
1/16/2021 6% - $3,950,000

General Features

Days on Market 165
Electric Other - See Remarks
Garage No
Location Other - See Remarks
New Construction No
Parking Off Site, On Site
Property Type E
Sewer Public Sewer
Status Active
Stories 4.0
Tax Year 2019
Taxes 36039.00
Total Sq Ft 12500.00
Type Commercial
Use Hotel/Motel, Restaurant
Virtual Tour
Water Public Water
Water Heater Electric, Natural Gas
Water Type Other - See Remarks
Year Built 1865
Zoning Commercial

Interior Features

Gas At Street
Heat/ac AC Window Units, Central Air
Heating Fuel Natural Gas
Number of Garages 0.00

Exterior Features

# Elevators 1.00
Acreage 0.11
Lot Description Corner, Other - See Remarks
Lot Dimensions 30 x 9830


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07756

AVG $2.08M
AVG $25,517
AVG 71
Year Built
AVG 1890
AVG 85
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Fair Housing Icon NY Fair Housing Notice