The Haversham and Hotel Site

Hospitality for Sale
Catylist Listing ID: 30708796
Property Subtypes: Hotel, Inn, Other
Number of Units: 75 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 26 Acres
Sale Price: $15,000,000
Unit Price: $200,000 Per Unit
Property Use Type: Investment
Name of Establishment: The Haversham
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2021

Overview / Comments

A total of 26 acres offered with this well known established and operating tavern and wedding/event catering venue for up to 170 people. Site is perfect for 75 room limited service branded hotel. Older Pinnacle report available. The site also includes three freestanding single family residences. Close to 1800 feet of frontage on Post Road. Multiple bookings in place for 2021. A rare opportunity to create a destination for events, the Rhode Island beach crowd, casino goers and business travelers. Close to Newport and Mystic Seaport. Amtrak station in town.

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Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Tax ID/APN: WY 124-6
Zoning: SC-G AND MDR-30
Retail Clientele: Family, Traveler, Tourist, Casino
Property Located Between: Westerly and Narragansett
Property Visibility: Excellent
Largest Nearby Street: Shore Road
Feet of Frontage: 1,800
Traffic/Vehicle Count: 27,000
Highway Access: Route 95
Airports: Westerly Airport and TF Green Airport
Site Description: Level, wooded area, pond.
Nearby Attractions: 10 minutes to downtown Westerly with restaurants, 20 minutes to Foxwoods casino, 90 minutes to Newport, minutes to a number of sandy beaches, marinas, miles of shoreline water access.
Total Number of Buildings: 5
Number of Stories: 3
Property Condition: Excellent
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 321 11,838 28,965
Median Age: 63.77 45.13 43.76
Households: 161 4,796 12,342

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