ADMIRAL WEAVER INN, NEWPORT RI
Expired Business Opportunity
for Sale
| Catylist Listing ID: |
30669377 |
| Property Subtypes: |
Real Estate
|
| Building Size (RSF): |
5,189 SF
|
| Sale Price: |
$2,500,000 |
| Business Website Address: |
http://www.admiralweaverinn.com |
| Year Business Established: |
2000 |
| Gross Revenue: |
$256,232 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Sale Terms: |
Sale of real estate and business. |
| Last Updated: |
2/25/2021 |
Overview / Comments
|
"The Admiral Weaver"-This exceptional property is offered next to all attractions: Cliff Walk, mansions, First beach, Easton's beach, Newport harbor, shops, restaurants and is directly across from the Tennis Hall of Fame and the Casino Theatre. ... Full loaded with numerous extras. 8BR 8.5 bathrooms. Purchase price includes building, licensed Bed and Breakfast with private parking for 10 cars. Phenomenal location. Excellent views into Toppa field/Freebody park. Do the drive by TODAY because this opportunity is listed NOW! Financials available upon request.
|
Additional Details
| Nearest MSA: |
Providence-Warwick |
| County: |
Newport |
| Industry Segment: |
Commercial Real Estate Brokers |
| Reason for Selling: |
Retirement |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$0 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$2,500,000 |
| Employee/Labor Description: |
3 Employees |
| Mgmt/Training Support Description: |
Negotiable |
| Competition/Market Description: |
19 Old Beach Newport INN is UNDER CONTRACT at $171,285 per bed
353 Spring St Newport INN is UNDER CONTRACT at $ 212,857 per bed
28 Weaver INN Newport at $312,500 per bed ($2,500,000) LIST PRICE |
| Growth/Expansion Opportunities: |
Legally zoned multi family/B&B |
| Seller Financing Description: |
Negotiable |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,244 |
36,027 |
48,224 |
| Median Age: |
39.8 |
40.12 |
41.85 |
| Households: |
5,444 |
15,524 |
20,696 |
|
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither East Coast Commercial Property Network nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
