148 Atlantic Avenue
148 Atlantic Avenue Westerly, Rhode Island 02891 United States

$2,800,000
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Listing Courtesy of BHHS New England Properties
$2,800,000
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.73 Acres
Exterior
Commercial
Property Type
1955
Year Built
1245950
Web Id
1245950
MLS ID
Misquamicut Beach
Subdivision
Westerly
School District
189
days ago

About 148 Atlantic Avenue

Prime commercial property and well established turnkey business. Unlimited potential with this restaurant, bar, parking facility at the busiest intersection in Misquamicut Beach. Turnkey business included in sale price. P&L available upon request. Prime location on Winnapaug Pond with direct pond access and across the street from the beach, this location has been a profitable business for decades. Once known as The Island House, and for the last 20 years as Sandy's Lighthouse, it has indoor and outdoor bars, two patios, indoor and outdoor stage, ample indoor and outdoor seating, over 80 parking spaces, full kitchen, full basement and potential to reopen the rooftop dining area. Great opportunity with ability to expand. This could be a full service restaurant, a tavern or any other idea that you can think of. Parking revenue is a big plus with this property. Beach parking at this site is regularly sold out each weekend of the summer at premium prices.Misquamicut is home to the largest and highest revenue generating state beach in the entire state of Rhode Island. Westerly Hotel revenue is the highest in South County RI. Hundreds of beach cottages and hotel rooms all in walking distance to this establishment. Many shoulder season events including festivals take place within walking distance to this property. The location and business together make this a perfect and sensible purchase.

PROPERTY INFORMATION

Amenities
Restaurant(s)
Cooling
Attic Fan, Ductless AC, Wall Unit
Heating
Electric Air Cleaner, Gas Connected
Location
Free Standing
Sewer
Septic System
Water
Common Meter, Municipal
Listing Courtesy of BHHS New England Properties
Listing Courtesy of BHHS New England Properties