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2392 Putnam Pike

Glocester, RI 02814
  • $439,900
  • STATUS: Active
  • ON SITE: 2 Days
  • MLS #: 1301402
New On Site 2 Days Ago
UPDATED: 60 min ago
$439,900
  • 0
    BEDS
  • 2.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,127
    SQFT
  • $72
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

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.

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© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-01-17T09:37:25.817.
www.barrowsteamrealty.com/homes/124759248
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2392 Putnam Pike Glocester, RI 02814

  • Price: $439,900
  • Status: Active
  • On Site: 2 Days
  • Updated: 60 min ago
  • MLS #: 1301402
0
Beds
0
Baths
0
½ Baths
2.05
Acres
6,127
SQFT
$72
$/SQFT
1960
Built
Neighborhood:
Washington State Park
County:
Providence
Area:
Glocester
Property Description
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.
Exterior Features

Construction Materials Frame Foundation Details Slab Levels One Lot Features Wooded Parking Total 25 View Water View YN Yes

Interior Features

Basement None Basement YN No Cooling 1 Unit Heating Individual

Property Features

Business Type Hotel/Motel Community Features GolfRecreation AreaWaterfront Current Use Hotel/Motel Electric 200+ Amp Service Land Lease YN No Laundry Features Common AreaLaundry Room Operating Expense 0 Owner Pays All Utilities Possible Use CommercialHighway/Tourist ServiceOfficeOtherPlace Of WorshipRecreationalRetailSee RemarksWarehouse Property Sub Type Commercial Road Frontage Type State Road Sewer Cesspool Tax Annual Amount 7817 Tax Assessed Value 357600 Tax Lot 060212 Tax Year 2021 Utilities Cable AvailableNatural Gas Not Available Water Source Private Zoning C2

Listing information © 2022 State-Wide Multiple Listing Service.
Listing provided courtesy of Keller Williams Realty.





© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-01-17T09:37:25.817.
 
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Barrows Team Realty | Keller Williams Realty Leading Edge
14 Breakneck Hill Road, Suite 101
Lincoln RI, 02865