Glocester, RI 02814,2392 Putnam PIKE
Glocester, RI 02814,2392 Putnam PIKE
Glocester, RI 02814,2392 Putnam PIKE
13
$385,000
$439,900
12.5%
Est.Price: ?

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6,127 SqFt

2392 Putnam PIKE Glocester, RI 02814

Est. payment /mo
SOLD DATE : 06/27/2022

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Key Details

Sold Price $385,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 6,127 sqft

Price per Sqft $62

Subdivision Washington State Park

MLS Listing ID 1301402

Sold Date 06/27/22

HOA Y/N No

Abv Grd Liv Area 6,127

Year Built 1960

Annual Tax Amount $7,817

Tax Year 2021

Lot Size 2.048 Acres

Acres 2.0479

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.

Location

State RI

County Providence

Community Washington State Park

Zoning C2

Rooms

Basement None

Interior

Heating Individual

Cooling 1 Unit

Laundry Common Area, Laundry Room

Exterior

Community Features Golf, Recreation Area, Waterfront

Utilities Available Cable Available, Natural Gas Not Available

View Y/N Yes

View Water

Total Parking Spaces 25

Building

Lot Description Wooded

Story 1

Foundation Slab

Sewer Cesspool

Water Private

Level or Stories 1

Structure Type Frame

New Construction No

Others

Tax ID 2392PUTNAMPIKEGLOC

Financing Cash

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Listed by Keller Williams Coastal
Bought with RentProv Realty

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agent

Michael Hannigan

Realtor® | License ID: MA9569074

+1(617) 888-6606

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