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Misquamicut Beach Front Inn 145 Atlantic Ave

24 Room Hotel Westerly, RI 02891 $7,500,000 ($312,500/Room)

Executive Summary

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 24 rooms with private baths and PRIVATE BALCONIES
overlooking the beauty of the Atlantic Ocean. 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

Property Facts

Price $7,500,000
Price Per Room $312,500
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.50 AC
Building Size 8,378 SF
No. Rooms 24
No. Stories 3
Year Built 2014
Parking Ratio 0.72/1,000 SF
Corridor Interior

Amenities

  • Balcony
  • High Speed Internet Access
  • Beach (direct access)
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 24 $250.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WEST-000165-000283
Land Assessment
$881,100
Improvements Assessment
$781,100
Total Assessment
$1,662,200
  • Listing ID: 28469774

  • Date on Market: 5/12/2023

  • Last Updated:

  • Address: 145 Atlantic Ave, Westerly, RI 02891

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