# 148 Atlantic Avenue, Westerly, RI 02891 > **TL;DR:** commercial, $2,900,000, built 1955. > Waterfront, View, A/C. Est. $15,510/mo. Listed 118 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,900,000 | | Year Built | 1955 | | Lot Size | 31,799 sqft (0.73 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 118 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed - **Views** - Water ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $14,664 | | Estimated Insurance | $846 | | **Total** | **$15,510** | ## Key Amenities - Waterfront - View - A/C ## Property Highlights - Built in 1955 - 0.73 acre lot - 85 parking spaces - Waterfront ## Description ### Agent Description RARE COASTAL CANVAS READY FOR ITS NEXT CHAPTER At the crossroads of ocean energy and coastal charm, this prominent Misquamicut Beach property offers a unique opportunity to shape the next iconic destination. A .73 acre parcel in the heart of Misquamicut Beach with 80+ on-site parking spaces. High visibility corner location directly across from the ocean with views and access to Winnapaug Pond. A combination that is increasingly rare to find along the coast. Former hospitality property featuring an existing 4000+ sq ft structure with multiple indoor and outdoor areas and bar space. Ideal for redevelopment or repositioning. Shoreline Commercial zoning allows for a variety of uses including restaurants, entertainment, or hospitality concepts. Surrounded by hotels, beach cottages, and strong seasonal traffic. Parking provides additional income. OPPORTUNITIES LIKE THIS ARE EXCEPTIONALLY RARE - this is your chance to transform a legacy site into one of the shoreline's next defining destinations. Property is being sold as is. This area continues to experience strong demand driven by tourism, events, and limited commercial inventory. Whether transformed into a refined beachside restaurant, boutique hospitality destination, or vibrant entertainment venue, the possibilities are as expansive as the setting itself. COME WRITE THE NEXT CHAPTER. ## Location - **Address:** 148 Atlantic Avenue, Westerly, RI 02891 - **County:** Washington - **Neighborhood:** Misquamicut Beach - **Coordinates:** 41.322574, -71.809657 - **Google Maps:** https://www.google.com/maps?q=41.322574,-71.809657 ## Virtual Tour & Media - **Video Tour:** https://tour.RiLiving.com/148-Atlantic-Avenue-Westerly-RI-02891 ## Listing Agent - **Name:** Cindy Moran - **Brokerage:** Re/Max South County - **Phone:** 4012077178 - **Broker Phone:** (401) 596-2067 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/SWMLSRI/1410104/?channel=propsimple) ## Photos ![148 Atlantic Avenue - Photo 1](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f3925015028r.jpg) ![148 Atlantic Avenue - Photo 2](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f3994527118r.jpg) ![148 Atlantic Avenue - Photo 3](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f863868692r.jpg) ![148 Atlantic Avenue - Photo 4](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f926824550r.jpg) ![148 Atlantic Avenue - Photo 5](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f3884513074r.jpg) ![148 Atlantic Avenue - Photo 6](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f3765739789r.jpg) ![148 Atlantic Avenue - Photo 7](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f3081382235r.jpg) ![148 Atlantic Avenue - Photo 8](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f1016027394r.jpg) ![148 Atlantic Avenue - Photo 9](http://lh.rdcpix.com/aff6206b3f25c73ad2398221a403fb18l-f4165453152r.jpg) --- **MLS#:** 1410104 | **Updated:** 2026-08-26 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/148-atlantic-avenue-westerly-ri-02891-1410104) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/148-atlantic-avenue-westerly-ri-02891-1410104#listing", "url": "https://www.propertysimple.ai/listing/148-atlantic-avenue-westerly-ri-02891-1410104", "name": "148 Atlantic Avenue, Westerly, RI 02891", "description": "RARE COASTAL CANVAS READY FOR ITS NEXT CHAPTER At the crossroads of ocean energy and coastal charm, this prominent Misquamicut Beach property offers a unique opportunity to shape the next iconic destination. A .73 acre parcel in the heart of Misquamicut Beach with 80+ on-site parking spaces. High visibility corner location directly across from the ocean with views and access to Winnapaug Pond. A combination that is increasingly rare to find along the coast. Former hospitality property featuring an existing 4000+ sq ft structure with multiple indoor and outdoor areas and bar space. Ideal for redevelopment or repositioning. Shoreline Commercial zoning allows for a variety of uses including restaurants, entertainment, or hospitality concepts. Surrounded by hotels, beach cottages, and strong seasonal traffic. Parking provides additional income. OPPORTUNITIES LIKE THIS ARE EXCEPTIONALLY RARE - this is your chance to transform a legacy site into one of the shoreline's next defining destinations. Property is being sold as is. This area continues to experience strong demand driven by tourism, events, and limited commercial inventory. 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