2392 Putnam Pike, Glocester, RI 02814

$439,900
6,127
SqFt
List Price
$439,900
MLS#
RIS-1301402
Status
ACTIVE
Type
Commercial
City
Glocester
County
Providence
Living Area
6,127
Year Built
1960

Property Description

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.

Additional Information

Cooling
1 Unit
Basement
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty.

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