2392 Putnam PIKE
2392 Putnam PIKE Glocester, Rhode Island 02814 United States

$439,900
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Listing Courtesy of Keller Williams Realty
2.0479 Acres
Exterior
Commercial
Property type
1960
Year Built
1301402
Web Id
1301402
MLS ID
Washington State Park
Subdivision
Glocester Elementary
School District
11
days ago

About 2392 Putnam PIKE

Sixteen-unit motel situated on two acres of land in the Picturesque Washington state park area of Glocester Rhode Island. This business opportunity and property offers the savvy buyer an exceptional value add. Improving and expanding the number of units may result in a substantial increase in revenue and net operating income. The location and zone also offer the potential for many other uses. We recommend referring to the town zoning use tables to see what is permitted. The current ownership offers daily and weekly rentals that include one and two-bedroom units and studios. In addition, if your desire is to be an owner operator, there is a larger unit available that serves as your residence and front office. While the hospitality industry has seen lots of challenges during the Covid crisis, the light is shining bright at the end of the tunnel. This industry should start to see exponential growth over the next few years. So now is the time to make your move! Please note the rent shown is the average daily room rate charge.

PROPERTY INFORMATION

Cooling
Individual Unit
Heating
Individual Control
Location
Free Standing
Sewer
Cesspool
Water
Private
Listing Courtesy of Keller Williams Realty
Listing Courtesy of Keller Williams Realty
Advertiser Logo
Listing Courtesy of Keller Williams Realty
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