Water Views - Golf Course
Address
145 Atlantic Avenue, Westerly, RI
Price
$ 7,500,000
Property Attributes
  • MLS#1351975
  • TypeCommercial
  • CountyWASHINGTON
  • CityWesterly
  • NeighborhoodMISQUAMICUT BEACH FRONT
  • Zip02891
  • StyleCommercial
  • Year Built2015
  • Taxes$ 16285
  • Price$ 7,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.51 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

Extraordinary opportunity for this Commercial ATLANTIC OCEAN BEACHFRONT property on a coveted half acre of prime real estate. This Beachfront inn, finished construction in 2015 and boasts 23 guest rooms with private baths and PRIVATE BALCONIES overlooking the beauty of the Atlantic Ocean. In addition, there is an additional room for the office greeting guests This BEACHFRONT opportunity is in the coastal retreat of MISQUAMICUT which borders WATCH HILL and WEEKAPAUG. Ideally located a mere 45 MINUTES TO PROVIDENCE TF GREEN AIRPORT. The beautiful town of WESTERLY enjoys a Normal Rockwell Setting Westerly and also has a train station for an easy commute to New York and Boston along with a private AIRPORT The opportunities are endless with this prime piece of BEACHFRONT real estate.

Price History
1/31/2024 Listed $7,500,000

General Features

Sewer None,SepticTank
Heating Baseboard
Cooling Item1Unit,WallUnits
Utilities ElectricityAvailable,NaturalGasAvailable,NaturalGasConnected,MunicipalUtilities,WaterConnected,SewerNotAvailable
Possession Negotiable
Security Features FireAlarm,SmokeDetectors,SecurityLights
Year Built 2015
Electric CircuitBreakers
View Water
Stories 3
Levels ThreeOrMore
Property SubType Commercial
Tax Year 2023
Business Type HotelMotel
Community Features Golf,HighwayAccess,Marina,NearHospital,NearSchools,Restaurant,Shopping,TennisCourts,Waterfront,HighTrafficLocation
Building Name MISQUAMICUT BEACHFRONT INN
Business Name MISQUAMICUT BEACHFRONT INN
County Washington
Net Operating Income 0.0
Insurance Expense 0.0
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
MaintenanceExpense 0.0
Subdivision Name MISQUAMICUT BEACH FRONT
Garage Y/N No
Building Features Elevators
Status Active
City Westerly
Buyer Agent Compensation 2.5NS
View Y/N Yes
Senior Community Y/N No
Total Units 1
Lot Size Square Feet 22216.0
Waterfront Y/N No
Carport Y/N No
Street Name Atlantic
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 16285.0
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://tour.RiLiving.com/145-Atlantic-AV-Westerly-RI-02891--1351975
Days on Market 10
Standard Status Active
Occupancy Description Owner
Tax Assessed Value 1662200
Tax Lot 283
Ownership Type LLC
Taxes 0.0
Cap Rate 0.0
MobileHomeRemainsYN No

Interior Features

Basement None
Furnished Y/N Furnished
Total Stories 3
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 0.0
Street Suffix Avenue
Laundry Features CommonArea,LaundryRoom
Electric On Property Y/N No

Exterior Features

Water Source Connected,Public
Total Parking 26.0
Lot Size Area 22216.0
Foundation Details PillarPostPier
Number of Buildings 1
Spa No
Building Area Total 0.0
Lot Size Acres 0.51
Road Surface Type Asphalt
Lot Size Units SquareFeet
Road Frontage Type CityStreet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

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

Property vs Commercial Average in 02891

Price
AVG $3.49M
$7.5M
Taxes
AVG $10,776
$16,285
Visits
AVG 135
135
Data Provided by Inside Real Estate®
Year Built
AVG 1948
2015

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