148 Atlantic Av

Westerly, RI 02891 Directions
$2,800,000 Reduced from $2,900,000 Reduced $100,000
  • 4,098Sqft
  • 1955Built
  • $683Price/Sqft

Property Highlights

  • Neighborhood: Misquamicut Beach
  • Days on Market: 116
  • MLS: 1245950

Property Highlights

  • Neighborhood: Misquamicut Beach
  • Days on Market: 116
  • MLS: 1245950

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...

Property Highlights

  • Neighborhood: Misquamicut Beach
  • Days on Market: 116
  • MLS: 1245950

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.

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.

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  • Additional Information
    • Electrical: 400 Amps, Circuit Breaker, Individual Meter
    • Historic?: None
    • Living Area SqFt: 4,098
    • Neighborhood: Misquamicut Beach
    • Road Description: Black Tar, Blacktop, High Traffic, Municipal, Sidewalks, Street Lights
    • Sewer: Septic System
    • Status: Active
    • Subtype: Bar/Tavern/Lounge, Commercial, Deli/Catering, Food/Beverage, Gift Shop, Hospitality, Ice Cream/Frozen Yogurt, Mixed Use, Outdoor Sign, Parking, Parking Facility, Pizza, Restaurant, Retail, Tavern/Bar/Nightclub, Variety
    • Type: Commercial/Business
    • Unit Count: 1
    • Utilities: Cable TV, Electric, Gas, Gas Connected, Street Lights, Telephone
    • Year Built: 1955
    • Zoning: SCG
  • Amenities
    • Restaurant(s)
  • Interior/Exterior Features
    • Cooling: Attic Fan, Ductless AC, Wall Unit
    • Foundation: Concrete
    • Heat: Electric Air Cleaner, Gas Connected

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than William Pitt Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Data is updated as of 05/28/2020. Listed By: BHHS New England Properties.

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