1505 Ocean Ave, Spring Lake, NJ 07762ID #:583541
Ward Wight Sotheby's International Realty
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 dining with 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.
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Licensed Real Estate Broker7871741