click images for slideshow
MLS # 1245950 - Active
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 Type:
Commercial
MLS#:
1245950
Price:
2800000
Year Built:
1955
Rooms:
--
City:
Westerly
Neighborhood:
Misquamicut Beach
Lot Size:
0.73 Acres
Zip Code:
02891
Agent Information:
Listed By: BHHS New England Properties
Contact an Island Realty agent about this listing!
Property Details
Style Type: 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 Building Levels: --
Beds: -- Bathrooms:
Living Area: sq. ft. Under Construction: No
Garage Spaces: None Fireplaces: None
Garage Type: -- Fireplace Type: --
Rooms: --
Exterior: --
Finished Floor: --
Sewer: Septic System
Electric: 400 Amps, Circuit Breaker, Individual Meter
Hot Water: --
Heat: --
Heating System: Electric Air Cleaner, Gas Connected
Cooling: Attic Fan, Ductless AC, Wall Unit
Water Amenities: --
Handicap Accessible: --
Lot: --
Pool: --
Equipment: --
Near: Golf, Highway Access, Hospital, Interstate, Public School, Railroad, Recreational Facilities, Schools, Shopping, Swimming, Tennis
mlsidxlogo_color
The data relating to real estate 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 then Island Realty are marked with the MLS logo and detailed informaiton about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed.
Copyright © 2020 State-Wide MLS, Inc. All rights reserved.

Content Updated 9/21/2020