148 Atlantic Avenue Westerly, RI $ 3,250,000
148 Atlantic Avenue
$ 3,250,000
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148 Atlantic Avenue

Westerly, RI, 02891
$ 3,250,000
Bedrooms-- Baths--

Monthly Estimate*

$ 20,011

148 Atlantic Avenue, Westerly, RI 02891 - Image 1
148 Atlantic Avenue, Westerly, RI 02891 - Image 2
148 Atlantic Avenue, Westerly, RI 02891 - Image 3
148 Atlantic Avenue, Westerly, RI 02891 - Image 4
148 Atlantic Avenue, Westerly, RI 02891 - Image 5
148 Atlantic Avenue, Westerly, RI 02891 - Image 6
148 Atlantic Avenue, Westerly, RI 02891 - Image 7
148 Atlantic Avenue, Westerly, RI 02891 - Image 8
148 Atlantic Avenue, Westerly, RI 02891 - Image 9
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Commercial Property for sale in Westerly, RI

for $3,250,000. This building was built in 1955 on a lot size of 0.73.

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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Commercial Active

Price

$ 3,250,000

Property Type

Commercial

Taxes

$ 5,479

Style

Lot Size

0.73

Year Built

1955

Town/City

Westerly

County/Region

Washington

MLS | Web ID

1410104

Features
General
Sewer Cesspool
Heating Ductless
Cooling Attic Fan Ductless
Utilities Natural Gas Available Water Connected
Zoning SCG
Security Features Fire Alarm Fire Sprinkler System Smoke Detector(s)
Construction Materials Frame
Year Built 1955
Electric 200+ Amp Service
View Water
Property Subtype Commercial
Tax Year 2025
Business Type Bar/Tavern/Lounge Commercial Deli/Catering Food & Beverage Gift Shop Hospitality Ice Cream/Frozen Yogurt Mixed Professional/Office Parking Pizza Recreation Restaurant Variety
Community Features Golf Highway Access Near Hospital Near Schools Pool Recreation Area Restaurant Shopping Tennis Court(s) Waterfront Sidewalks
County Washington
New Construction false
Property Type Commercial Sale
Subdivision Name Misquamicut Beach
Possible Use Commercial Development Mixed Use Retail
Building Features Public Restrooms
Status Active
City Westerly
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 31799
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 5479
Virtual Tour https://tour.RiLiving.com/148-Atlantic-Avenue-Westerly-RI-02891
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 764200
Tax Lot 276
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features Corner Lot
Water Source Connected Public
Total Parking 85
Lot Size Area 31799
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 0
Lot Size Acres 0.73
Road Surface Type Asphalt Paved
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* Excluded Features
List By
Re/Max South County

Broker

cmoran2403@gmail.com

Email

Affordability Calculator

$20,467
Per Month
98%
2%
0%
Monthly Principal & Interest
$20,011
Monthly Property Taxes
$457
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/15/2026$3,250,000 Listed Price

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148 Atlantic Avenue, Westerly, RI, 02891 is a Commercial Property for sale at $3,250,000 with a lot size of 0.73. 148 Atlantic Avenue was built in 1955. The property's zip code is 02891 which is in Westerly, RI