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$3,250,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 148 Atlantic Ave
General
- Price: $3,250,000
- Taxes: $5,479 (2025)
- Status: Active
- Type: Office
- Source: STWMLS
- MLS ID: 1410104
- Updated: 5/15/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Deli/Catering, Food &
- Year Established: 1998
Additional Information
- Tennis: Yes
- Security/Safety: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Parking
- Total Spaces: 85
Location
- County: Washington
- Subdivision: Misquamicut Beach
- Near Highway: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Attic Fan, Ductless
- Heating Type: Ductless
Utilities
- Sewer: Cesspool
- Water: Connected, Public
- Utility Description: Natural Gas Available, Water Connected
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Detached/Attached: Detached
- Construction: Frame
- Stories/Levels: 1
- Year Built: 1955
- Other Struct. Feat.: Public Restrooms
Unit Information
- Vacancy %: 100
Lot Features
- Property View: Water
- Lot Size (Acres): 0.73
- Lot Size (Sq. Ft.): 31,799
- Lot Size: 31799
- Sidewalks: Yes
- Lot Features: Corner Lot
- Potential Use: Commercial, Development, Mixed Use, Retail
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $5,479
- Tax Year: 2025
Disclosures and Reports
- Property ID: 148ATLANTICAVWEST
- Lot Number: 276
Listed by RE/MAX South County
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Schools
Schools serving 148 Atlantic Ave
School District:Westerly School District
| Name | Grades | Distance |
|---|---|---|
Westerly Middle School 10 Sandy Hill Road, Westerly, RI 02891 | 5-8 | 2.2 mi |
Dunn's Corners School 8 1/2 Plateau Road, Westerly, RI 02891 | K-4 | 2.5 mi |
Westerly High School 23 Ward Avenue, Westerly, RI 02891 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 148 Atlantic Ave
Date
Details
Price
Change
Source
5/12/2026
Listed
$3,250,000
712.5%
MLS
3/26/1998
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 148 Atlantic Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,433
-21%
$764,200
8%
2024
$6,916
2%
$705,000
—
2023
$6,782
1%
$705,000
—
2022
$6,740
-25%
$705,000
-9%
2021
$8,929
2%
$775,100
—
2020
$8,766
1%
$775,100
—
2019
$8,681
9%
$775,100
15%
2018
$7,987
3%
$672,300
—
2017
$7,792
-1%
$672,300
—
2016
$7,852
6%
$672,300
-1%
2015
$7,380
2%
$682,100
—
2014
$7,258
13%
$682,100
12%
2013
$6,416
—
$609,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 148 Atlantic Ave
148 Atlantic Avenue, Westerly, RI 02891 (MLS# 1410104) is a Office property. 148 Atlantic Avenue is currently listed for $3,250,000 and was received on May 12, 2026. Want to learn more about 148 Atlantic Avenue? Do you have questions about finding other Office real estate for sale in Westerly? You can browse all Westerly real estate or contact a Coldwell Banker agent to request more information.

