Kathleen Smith
Kathleen Smith 401-637-4901 Email Kathleen
WESTERLY REALTOR 5% OF EVERY COMMISSION IS DONATED TO SAVING ANIMALS

Route 1 (Westerly, Rhode Island, US - 02891)
MLS® $1,239,000 Motel/Condo Conversion




"2 Mins to beach, marina, golf!"
 

Weichert Realtors Suburban Properties


Kathleen Smith
 
Kathleen Smith
Email Kathleen
 
Phone: 401-637-4901
Cell: (401) 207-2828
Fax: 401-637-4904
 
Details

Address: 171 Post Road Type: Commercial Style:  Bedrooms: 12 "33 Unit Motel" Bathrooms: 10 "33 Unit Motel/33 Baths" Basement: Yes, Full "Storage" Size: 11,000 sq. ft. "Two Buildings and cottage" Lot Type: Rectangular Lot Size:  5.87acres  Year Built: 1950 "Modernized 2009" Taxes: $7,400.00 (2011) MLS®: 995383
 
Description

This property is for visionaries, Turn Key, 33 unit motel, 5.87ac,(3 bldgs), 2 picnic areas, Bocce, horse shoes. ** New septic 2009. Frontage on Rt.1, 3 exits, 85%-90% occupancy in season. High traffic area & mins to beaches. Good will, repeat business, great potential to grow, owners retiring.. New septic 2008-2009.

This property is just Minutes To Mystic Aquarium, Mystic Seaport, Watch Hill, Many Restaurants, Golfing, shopping, swimming and Museums. The Sand Dollar Inn, A Magnuson Motel/Hotels affiliate, offers lodging; convenient to the Unspoiled Beaches and Rivers of South County, Rhode Island In Westerly.

There is great potential for this year around business and property. As is it is a very viable going concern, well maintained and in turn key condition. Buy this and run it and imagine the potential or come to the property with your own ideas. Corner lot, on RT 1, Post Road corridor, in high traffic area & close to beaches. Great opportunity for condo conversion, expansion, will consider selling RT 1 lot & motel separately. All three of the buildings are one level in a private setting off of RT. 1, lending itself to a quiet family atmosphere. Aso offer two picnic areas for enjoyment. This lovely property is only two miles from the beautiful Rhode Island seacoast and beaches. Misquamicut State Beach, Weekapaug, Napatree Point in Watch Hill, and East Beach in Charlestown are all minutes from our doorstep. The URI campus, Pt. Judith, Mystic attractions, Foxwoods and Mohegan casinos, are but a short distance away. Easy access to Block Island by air or ferry is convenient for our guests.

Summer Pops in the Park, Shakespeare in the Park, Granite Theatre, Historic Olstead Park, Historic Library, buildings with great architectural designs, just some of the few amenities Westerly offers.
 
Highlights

Westerly is located next door to Stonington, CT, and is bounded by Long Island Sound and the Atlantic Ocean. Westerly, RI has become known as a community with strong support for the arts.
South County, per South County RI Magazine, "One of twelve destinctive destinations in the world!"
Short Drive to Marina's, Westerly Yacht Club, Golf Courses, fishing and boating
Westerly State Airport fulfills several roles for the South County area
Watch Hill is a well-known waterfront resort community, boasting the oldest carousel in America
Misquamicut State Beach, Weekapaug, Napatree Point in Watch Hill, and East Beach in Charlestown are all minutes from our doorstep. The URI campus, Pt. Judith, Mystic attractions, Foxwoods and Mohegan casinos, are but a short distance away. Easy access to Block Island by air or ferry is convenient for guests.
Just Minutes To Mystic Aquarium, Mystic ;seaport, Watch Hill, Many Restaurants, Golfing, ;shopping, Swimming, And Museums. Commercial Lending with Seacoast Mortgage, Ann Sabbagh, 508 243 1190 rates in low 5's!!
There is great potential for this year around business and property. 33 Room Classic New England Motel in tip top condition. Local Westerly landmark--prime location, waiting for you to call it your own!

Brokered and Advertised by:   Coldwell Banker Cahoone, call me anytime, your personal concierge: 401-286-2571. P2#39829354
 

Information is deemed to be correct but not guaranteed. If you have any questions, please call 401-207-2828 and I will gladly help. Weichert Realtors Suburban Properties is Independently Owned and Operated