Property summary
This Westerly, Rhode Island property at 112 Ashaway Road presents a unique investment opportunity. The 1.1-acre lot encompasses 47,906 square feet and includes a recently renovated, 8,800 square foot building constructed in 2002. The building, formerly a banquet facility, offers versatile space ideal for various commercial uses including retail, wholesale, showroom, or indoor recreation. The layout includes a 4,702 square foot ballroom, two shops totaling 2,456 square feet (Shop #1: 1,602 sq ft, Shop #2: 854 sq ft), and 1,642 square feet of second-floor office space. A former commercial kitchen in Shops 1 & 2 has been converted into warehouse or storage space. The property boasts over 50 parking spaces and is zoned GC General Commercial, allowing for a wide range of permitted uses. The property is offered vacant and "as is" for sale to an owner-user, unless and until spaces are leased. The asking price is $889,000. The property is also available for lease (see MLS for details). This is a rare opportunity to acquire a substantial commercial space with extensive parking in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Vacation Rental
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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