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Coastal Commercial Land with Existing Structure
For Sale
$2,900,000
Pending

148 Atlantic Avenue, Westerly, RI 02891

Commercial/Business,Commercial Sale, Westerly, RI

Property SizeContact for details
Lot Size0.73 Acres
Days on Market170

Property Features for 148 Atlantic Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning SCG
Parking 85
Interior features Ceiling Height (9 to 12 Ft)
Subdivision Misquamicut Beach
Lot features Corner Lot, Paved, Sidewalks, Free Standing
View Water
Standard status Pending
Lot size 0.73 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5479

Utilities

Sewer type Cesspool
Cooling system Attic Fan
Water source Public
Water front features Waterfront
Water front 1

Building Details

Year built 1955
Floors in Building 1
Building materials Frame
Listing Agency: Re/Max South County · RE/MAX International
Listed By: Cindy Moran
Added: May 12 Changed: Oct 27 Last Checked: Oct 28 at 3:06AM
MLS# 1410104

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 0.73-acre commercial parcel includes an existing 4,000+ square foot frame structure, built in 1955, with 9- to 12-foot ceiling heights. The property is being sold as is. Public water serves the site, with a cesspool for sewer; cooling is provided by an attic fan.

The property sits on a corner directly across from the ocean, with views and access to Winnapaug Pond. More than 80 on-site parking spaces serve the property. Shoreline Commercial zoning is designated SCG. Hotels and beach cottages surround the site, and the area experiences seasonal traffic.

Key Highlights

  • 0.73‑acre parcel with Shoreline Commercial zoning (SCG)
  • Existing 4,000+ square foot frame structure, built in 1955
  • More than 80 on‑site parking spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Hair Salon Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Catering Service Accounting Firm

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

64
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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - A former hospitality site includes extensive on-site parking and a building with indoor and outdoor areas.
Where is this commercial land located?
The property is located at 148 Atlantic Avenue Westerly, RI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 0.73‑acre parcel with Shoreline Commercial zoning (SCG); Existing 4,000+ square foot frame structure, built in 1955; More than 80 on‑site parking spaces
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