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: |
4/26/2021 |
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.
|
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 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
321 |
11,838 |
30,961 |
| Median Age: |
63.77 |
45.13 |
43.64 |
| Households: |
161 |
4,796 |
13,077 |
|
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