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.

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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

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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

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