Hotel / Business Opportunity

Hospitality for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30354897
Property Subtypes: Hotel, Inn, Motel
Number of Units: 56 Units
Building Size (RSF): 22,931 SF
Gross Building Area: See Agent
Sale Price: $2,250,000
Unit Price: $40,178.57 Per Unit
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2019

Overview / Comments

The Best Turn Key Hotel Lodging Value in Greater Newport, Rhode Island Area. Property includes a 56 room inn and fully operational restaurant with full liquor license. Close proximity to Wickford Village, beaches, URI, Newport and the Rhode Island seacoast. The Hamilton Village Inn is located on Scenic Route 1A, and is sited on nearly six acres. The property had been well cared for with recently updated systems. Unlimited potential.

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Tax ID/APN: NK 068-325
Retail Clientele: Family, Tourist, Recreation
Property Located Between: Providence and Newport, RI
Property Visibility: Good
Largest Nearby Street: Route 1
Highway Access: Route 95 access within 10 miles
Airports: Providence
Site Description: 5.75 acre site
Property Condition: Good
Year Built: 1953
Year Renovated: 2003
Parking Type: Surface
Heat Type: Oil
Zoning Description: Large Business
Water Service: Municipal
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,627 11,298 41,153
Median Age: 52.27 47.04 40.33
Households: 757 4,857 14,312
© Copyright 2001-2018 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.