10 Wagner Road Westerly, RI $ 5,495,000
10 Wagner Road
$ 5,495,000
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10 Wagner Road

Westerly, RI, 02891
$ 5,495,000
Bedrooms-- Baths--

Monthly Estimate*

$ 37,953

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Commercial Property for sale in Westerly, RI

for $5,495,000. This building was built in 1800 on a lot size of 3.41.

A rare opportunity to acquire Shelter Harbor Inn, a distinguished boutique hospitality and event destination along Rhode Island's sought-after southern coastline. Set on approximately 3.41 acres, this exceptional property encompasses three buildings featuring 23 guest rooms, restaurant and bar facilities, a commercial kitchen, and elegant gathering spaces. Rich in New England charm and thoughtfully enhanced through extensive improvements, including a recently renovated event space, the property offers an established foundation for weddings, private celebrations, corporate retreats, and boutique lodging. With its distinctive character, coastal location, and multiple potential revenue streams, Shelter Harbor Inn presents an opportunity to build upon an established hospitality presence or explore a reimagined luxury destination. Located within an MDR-20 residential zoning district with an existing nonconforming hospitality use, the property also offers potential for alternative uses or redevelopment, subject to approvals with buyer due diligence. An exceptional opportunity for hospitality investors, boutique hotel operators, and visionary entrepreneurs. Financial information to be made available to qualified buyers upon proof of funds and execution of an NDA. Buyer to verify all uses and approvals. Also listed as Residential Single-Family on MLS: #1427510

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Commercial Active

Price

$ 5,495,000

Property Type

Commercial

Taxes

$ 20,587

Style

Lot Size

3.41

Year Built

1800

Town/City

Westerly

County/Region

Washington

MLS | Web ID

1428050

Features
General
Sewer Septic Tank
Heating Baseboard Ductless Heat Pump Individual
Cooling Central Air Ductless 1 Unit Wall Unit(s)
Possession Negotiable
Zoning MDR20
Construction Materials Frame
Year Built 1800
Electric Circuit Breakers Generator 440 Volts
Stories Count 2
Levels Three Level Split Two
Property Subtype Commercial
Tax Year 2025
Business Type Food & Beverage Hotel/Motel Hospitality
Community Features Golf Highway Access Marina Near Hospital Near Schools Pool Recreation Area Restaurant Tennis Court(s)
Building Name Shelter Harbor Inn
Business Name Shelter Harbor Holdings LLC
County Washington
New Construction false
Property Type Commercial Sale
Status Active
City Westerly
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 148540
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 20587.01
Virtual Tour https://tour.RiLiving.com/10-Wagner-Road-Westerly-RI-02891--1428050
Standard Status Active
Tax Assessed Value 2905000
Tax Lot 42
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Interior
Basement Full
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features Historic District
Water Source Public
Total Parking 60
Inclusions Property is being sold "as-is where-is" all items convey with the exception of the generator espresso machine and dishwasher which are leased.
Lot Size Area 148540
Foundation Details Combination
Number of Buildings 3
Building Area Total 0
Lot Size Acres 3.41
Frontage Length 375
Road Frontage Type City Street
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* Excluded Features
List By
Century 21 Shutters & Sails

Broker

erincburkerealtor@gmail.com

Email

Affordability Calculator

$39,668
Per Month
96%
4%
0%
Monthly Principal & Interest
$37,953
Monthly Property Taxes
$1,716
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
11/8/2026$5,495,000 Listed Price

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10 Wagner Road, Westerly, RI, 02891 is a Commercial Property for sale at $5,495,000 with a lot size of 3.41. 10 Wagner Road was built in 1800. The property's zip code is 02891 which is in Westerly, RI