For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

17 Winnapaug Rd Westerly, RI 02891

For Sale
$1,495,000

Iconic Beachfront Businesses, Huge Potential

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional offering presents a rare opportunity to acquire two established, profitable businesses and a prime waterfront property in Misquamicut, Rhode Island. Located at the main entrance to Misquamicut Beach, this iconic location boasts high visibility and significant foot and vehicle traffic. The property includes a 7,405 square foot lot with a single building constructed in 1957. The "Purple Ape" retail store, operating successfully since 2004, is included in the sale, along with the established Misquamicut Beach Jet Ski Rental, operating continuously since 1996. The sale price includes all water sports equipment, encompassing six 2023 Yamaha VXC jet skis with trailers, six hydro bikes, twelve kayaks (six single and six tandem), four two-person paddle boats, ten paddle boards, approximately fifty life vests, and a 2019 Can-Am Renegade 1000R. Detailed financial records demonstrating profitability are available for both businesses. The current owner is prepared to provide training and support for a smooth transition to the new owner for the 2025 season. Further expansion potential exists through a possible long-term lease of an adjacent property and a house across the street. This turnkey operation presents a unique investment opportunity in a high-demand tourist destination, benefiting from the tens of thousands of annual visitors to Misquamicut's extensive beach. The asking price for this exceptional package is $1,495,000.

Property Features for 17 Winnapaug Rd

General Information

Property type
Retail properties

Building Details

Year Built
1957
Buildings
1

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Purple Ape Clothing Store

Suggested Use

Restaurant Realty agency Hair Salon Clothing Store Department Store Hotel & Motel Food Market Accounting Firm Grocery Store Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Westerly
County
Washington
State
Rhode Island
Longitude
-71.8100879
Latitude
41.3234296

FAQs

What type of property is this?
Retail property - Iconic Beachfront Businesses, Huge Potential
Where is this retail property located?
The property is located at 17 Winnapaug Rd Westerly, RI.
What is the asking price?
The asking price for this property is $1,495,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message