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2392 Putnam PIKE Glocester, RI 02814
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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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