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Boutique Hotel with Event Space

10 Wagner Road, Westerly, RI 02891

For Sale
New
$5,495,000

Three buildings combine guest accommodations with restaurant, bar, kitchen, and event facilities in an established hospitality property.

Property SizeContact for details
Lot Size3.41 Acres
Days on Market5

Property Features for 10 Wagner Road

General Information

Standard status Active
Lot size 3.41 Acres
Property subtype Commercial
Zoning MDR-20

Building Details

Year Built 1800
Buildings 3
Listing Agency: Century 21 Shutters & Sails
Listed By: Erin Burke · License RI RES.0210425
Source: Lockandkeyre
Added: Nov 8 Changed: Nov 12 Last Checked: Nov 12 at 7:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Shutters & Sails

Rey
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Investment Insights

Based on property information with market context.

Shelter Harbor Inn is a hospitality property on approximately 3.41 acres in Westerly, Rhode Island. Its three buildings contain 23 guest rooms, restaurant and bar facilities, a commercial kitchen, and spaces for gatherings. The event area has been renovated, and the property has an established hospitality use.

The site is within an MDR-20 residential zoning district, where hospitality is an existing nonconforming use. Alternative uses or redevelopment would be subject to approvals and buyer due diligence.

Key Highlights

  • 23 guest rooms across three buildings
  • Approximately 3.41 acres in Westerly, Rhode Island
  • Restaurant, bar, and commercial kitchen facilities

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Shelter Harbor Inn Hotel & Motel Farmhouse Kitchen + Bar Restaurant

Suggested Use

Top Pick Building Supply Law Firm Restaurant Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21
Businesses Nearby

Demographics for 02891, RI

21,803
Population
12,660
Households
1.7
Avg Household Size
50
Median Age
41%
College-Educated
94%
High-School Grad
26.3 sq mi
ZIP Area
829
Density / Sq Mi
$90,435
Median Household Income
$49,448
Median Earnings
$1,249
Median Rent
$422,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Hotel - Three buildings combine guest accommodations with restaurant, bar, kitchen, and event facilities in an established hospitality property.
Where is this hotel located?
The property is located at 10 Wagner Road Westerly, RI.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: 23 guest rooms across three buildings; Approximately 3.41 acres in Westerly, Rhode Island; Restaurant, bar, and commercial kitchen facilities
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