Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 2 of 9
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 3 of 9
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 4 of 9
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 5 of 9
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 6 of 9
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 7 of 9
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 8 of 9
Commercial,Commercial Sale at 148 Atlantic Avenue, Westerly, photo 9 of 9
9 photos

$2,900,000

148 Atlantic Avenue
Westerly, RI 02891
Listed by Cindy Moran
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1955

About this home

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.

Highlights

Waterfront

Property details

MLS #
1410104
Property type
Commercial,Commercial Sale
Subdivision
Misquamicut Beach
Status
Active
Days on market
74
On market date
May 12, 2026
Stories
1
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
85
Lot size
0.73 acres
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Dunn's Corners School
2.46 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
275
Student:teacher ratio
12.5:1
District
Westerly
Middle
Westerly Middle School
2.17 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
740
Student:teacher ratio
11.2:1
District
Westerly
High
Westerly High School
3.71 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
726
Student:teacher ratio
9.9:1
District
Westerly

Walkability

Blended score for Westerly's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

33
Car-dependent
out of 100
EPA National Walkability Index
5.8 / 20 -- Below average walkable
Google Places amenity density
38 / 100
Restaurants & cafes9
Grocery stores0
Parks13
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Westerly, from live MLS data.

On the market 74 days -- 29 more days than Westerly's current average of 45 days.
For reference, the median list price across 230 active listings in Westerly right now is $587,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$17,614/mo
$580,000 down
$2,320,000 loan
Principal & interest$15,047
Property tax (est.)$2,417
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 13, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.