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54 High Street, Westerly, RI
$ 400,000
Property Attributes
  • MLS#1353638
  • TypeSingle Family
  • CityWesterly
  • NeighborhoodDown Town Westerly
  • Zip02891
  • StyleBusiness
  • Year Built1900
  • Taxes$ 7950
  • Price$ 400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3040
  • Lot Size0.36 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

Captivating Riverfront Restaurant Opportunity in Downtown Westerly - Your Gateway to Success! Unveil the potential of a lifetime with this extraordinary offering: a rare gem, one of only two riverfront restaurants in the enchanting downtown Westerly. Behold this turnkey, two-story culinary haven that not only captivates with its stunning location but also promises a seamless transition into ownership. Prime Location: Positioned in the heart of downtown Westerly, this restaurant location commands a coveted spot among only two riverfront restaurants in the area. This prime locale ensures a steady flow of foot traffic and captivates patrons with scenic views, creating an unparalleled dining experience. Immaculate Condition: Meticulously maintained, presented in an absolutely immaculate, like-new condition, inviting customers into a space where every detail exudes excellence. Fully Equipped Turnkey Operation: This fully equipped, turnkey restaurant allows for a smooth transition of ownership. From state-of-the-art kitchen facilities to inviting dining spaces, everything is in place for the next visionary operator to take the helm and thrive. Riverfront Patio Seating: Elevate the dining experience with a picturesque riverfront patio. Guests can savor delectable meals while immersed in the breathtaking views, creating a dining ambiance that is truly unparalleled. It's not just a restaurant; it's an experience.

Price History
2/28/2024 Listed $400,000

General Features

Sewer Connected
Heating Central,ForcedAir,HeatPump
Cooling Ductless,HeatPump,CentralAir
Utilities CableAvailable,ElectricityAvailable,NaturalGasAvailable,NaturalGasConnected,MunicipalUtilities,PhoneAvailable,WaterConnected,SewerConnected
Possession Immediately,Negotiable
Zoning DC
Security Features FireAlarm,SmokeDetectors,BuildingSecurity,FireSprinklerSystem
Construction Materials Brick
Year Built 1900
Electric Item200AmpService
View Water
Stories 2
Levels Two
Property SubType Business
Tax Year 2023
Business Type BarTavernLounge,FoodBeverage
Community Features HighwayAccess,Marina,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,Sidewalks,TennisCourts,Waterfront,StreetLights
Building Name The Shallows
Business Name The Shallows
County Washington
New Construction No
Property Type BusinessOpportunity
HOA / Comm Assn No
Attached Garage No
Subdivision Name Down Town Westerly
Possible Use Retail
Garage Y/N No
Building Features PublicRestrooms
Status Active
City Westerly
Buyer Agent Compensation 3
View Y/N Yes
Senior Community Y/N No
Total Units 1
Lot Size Square Feet 15681.0
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 1
Street Name High
Property Attached Y/N Yes
Land Lease Y/N Yes
Tax Annual Amount 7950.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N Yes
Rent Control Y/N No
Virtual Tour
Days on Market 10
Lease Type NNN
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 795000
Tax Lot 18
Property Sub Type Additional Business
MobileHomeRemainsYN No

Interior Features

Basement CrawlSpace
Furnished Y/N Furnished
Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 3040.0
Street Suffix Street
Electric On Property Y/N No
SeatingCapacity 112

Exterior Features

Water Source Connected,Public
Total Parking 0.0
Inclusions Please review Attached itemized list.
Lot Size Area 15681.0
Foundation Details Block,BrickMortar,Stone
Number of Buildings 1
Spa No
Building Area Total 3040.0
Lot Size Acres 0.36
Road Surface Type Asphalt,Paved
Lot Size Units SquareFeet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 02891

AVG $2.15M
AVG $13,398
AVG 166
Data Provided by Inside Real Estate®
Year Built
AVG 1962

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