41.919727 -71.7761
For Sale Under Contract
89,206Lot Size
Commercial/Business in Glocester
Sixteen-unit motel situated on two acres of land in the Picturesque Washington state park area of Glocester Rhode Island. This business opportunity and property offers the savvy buyer an exceptional value add. Improving and expanding the number of units may result in a substantial increase in revenue and net operating income. The location and zone also offer the potential for many other uses. We recommend referring to the town zoning use tables to see what is permitted. The current ownership offers daily and weekly rentals that include one and two-bedroom units and studios. In addition, if your desire is to be an owner operator, there is a larger unit available that serves as your residence and front office. While the hospitality industry has seen lots of challenges during the Covid crisis, the light is shining bright at the end of the tunnel. This industry should start to see exponential growth over the next few years. So now is the time to make your move! Please note the rent shown is the average daily room rate charge.
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Main Features

  • Listing Status: For Sale Under Contract
  • Year Built: 1960
  • County: Providence
  • Taxes: $7,817.00
  • Zoning: C2
  • Subdivision: Washington State Park
  • MLS Number:1301402

Additional Features

  • Zoning:
    • C2
  • Cooling:
    • Individual Unit
  • Laundry:
    • Common
    • In Building
  • Building Description:
    • Frame
  • Building Features:
    • Laundry Room
  • Business Name:
    • Glocester Motor Inn
  • Loading Dock:
    • None
  • Location:
    • Free Standing
  • Occupied By:
    • Tenant
  • Type:
    • Motel
  • Basement Details:
    • None
  • Foundation:
    • Slab
  • Acres:
    • 2.05
  • Site Description:
    • Waterfront
    • Waterview
    • Wooded
  • Close To:
    • Golf
    • Recreational Facilities
    • Swimming
  • Electric:
    • 200 Amps
  • Heating System:
    • Individual Control
  • Sewer:
    • Cesspool
  • Utilities:
    • Cable TV
  • Number of Buildings:
    • 1
  • Road:
    • Black Tar
    • State
  • Water:
    • Private
  • Contract Type:
    • Inspection Period
  • Franchise:
    • N
  • Owner Pays:
    • All Expenses
  • Above Grade SQFT:
    • 6127
  • Building Levels:
    • 1
  • Freestanding:
    • Y
  • Leasable Area:
    • 6127
  • Lot Size Sq Ft:
    • 89206
  • Onsite Parking Spaces:
    • 25
  • Ownership Type:
    • LLC
  • Use Type:
    • Hospitality
  • Vacancy Allowance:
    • 55

Compensation Info

  • * Compensation Comments:
    • Cooperating broker compensation is based on the net sales price after all seller repair, closing and other credits.
  • * Compensation to Cooperating Broker:
    • 2.5vns
  • *Offer of Cooperative Compensation is made only to licensed brokers who are Participants in State-Wide MLS.
47 Valley Road MIDDLETOWN RI 02842
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