148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly
148 Atlantic Avenue, Westerly

148 Atlantic Avenue Westerly

$3,250,000
31,799 sq ft

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The Property

RARE COASTAL CANVAS READY FOR ITS NEXT CHAPTER

At the crossroads of ocean energy and coastal charm, this prominent Misquamicut Beach property offers a unique opportunity to shape the next iconic destination. A .73 acre parcel in the heart of Misquamicut Beach with 80+ on-site parking spaces. High visibility corner location directly across from the ocean with views and access to Winnapaug Pond. A combination that is increasingly rare to find along the coast.

Former hospitality property featuring an existing 4000+ sq ft structure with multiple indoor and outdoor areas and bar space. Ideal for redevelopment or repositioning. Shoreline Commercial zoning allows for a variety of uses including restaurants, entertainment, or hospitality concepts. Surrounded by hotels, beach cottages, and strong seasonal traffic. Parking provides additional income. OPPORTUNITIES LIKE THIS ARE EXCEPTIONALLY RARE – this is your chance to transform a legacy site into one of the shoreline’s next defining destinations. Property is being sold as is. This area continues to experience strong demand driven by tourism, events, and limited commercial inventory. Whether transformed into a refined beachside restaurant, boutique hospitality destination, or vibrant entertainment venue, the possibilities are as expansive as the setting itself. COME WRITE THE NEXT CHAPTER.

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Listing Details

MLS Number

1410104

Lot Size:

0.73 acres

Features

  • Restrooms
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Near Swimming
  • Tennis
  • Corner
  • Paved
  • Sidewalks
  • Free Standing
  • Year Built: 1955
  • Water Amenities: Waterfront

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Market Trends for Commercial Properties
in Westerly

  • Overview
    Homes for Sale Today19-88.2% decrease in inventory
    New on Market *4100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$1.50$1 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$626,667$626,667 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *93.52%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$119.89$120 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *197197 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Re/Max South County

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