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Fully Entitled Marriott Residence Inn Site 60 Montebello Rd

140 Room Hotel Warwick, RI 02886 $2,750,000 ($19,643/Room)

Hotels Rhode Island Warwick 60 Montebello Rd, Warwick, RI 02886

Investment Highlights

  • Intermodal Zoning.
  • Multifamily Development Opportunity.
  • Shovel Ready.
  • Across from Airport.
  • Hospitality Development Opportunity.

Executive Summary

Prime land across from TF Green Airport, located in Intermodal District. Approximately 2.4acres. This site is fully entitled, complete architectural and engineering, and permitted for a Marriott Residence Inn (with reimbursement above purchase price for out of pocket costs of drawings, franchise, and entitlement costs). Alternatively this is prime land for a multifamily development, etc.

Attachments

Master Plan Set

Property Facts

Price $2,750,000 Lot Size 2.42 AC
Price Per Room $19,643 Construction Status Final Planning
Sale Type Investment Building Size 105,000 SF
Sale Conditions Redevelopment Project No. Rooms 140
Property Type Hospitality No. Stories 6
Property Subtype Hotel Year Built 2024
Building Class B Corridor Interior
Price $2,750,000
Price Per Room $19,643
Sale Type Investment
Sale Conditions Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.42 AC
Construction Status Final Planning
Building Size 105,000 SF
No. Rooms 140
No. Stories 6
Year Built 2024
Corridor Interior

Amenities

  • Fitness Center
  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 140 $237.00 -
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • WARW-000323-000319-000000
  • WARW-000323-000322-000000
  • 323 0323 0000
  • WARW-000323-000296-000000
  • WARW-000323-000298-000000
  • WARW-000323-000295-000000
  • 323 0297 0000
 Improvements Assessment $5,244,700
Land Assessment $1,739,500 Total Assessment $6,984,200

PROPERTY TAXES

Parcel Numbers
Multiple
  • WARW-000323-000319-000000
  • WARW-000323-000322-000000
  • 323 0323 0000
  • WARW-000323-000296-000000
  • WARW-000323-000298-000000
  • WARW-000323-000295-000000
  • 323 0297 0000
Land Assessment
$1,739,500
Improvements Assessment
$5,244,700
Total Assessment
$6,984,200

zoning

Zoning Code HU
HU
(412) 262-1200 x104

Contact

  • Listing ID: 32976043

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 60 Montebello Rd, Warwick, RI 02886

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60 Montebello Rd, Warwick, RI for sale Building Photo- Image 1 of 3
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60 Montebello Rd, Warwick, RI for sale Site Plan- Image 2 of 3
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Fully Entitled Marriott Residence Inn Site | 60 Montebello Rd
(412) 262-1200 x 104

Fully Entitled Marriott Residence Inn Site | 60 Montebello Rd

Sam DiCicco Jr

(412) 262-1200

x104

(412) 262-1200 x104

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