213 Taunton Ave - Hospitality FOR SALE


Seekonk, MA 02771
$8,000,000 USD
212-812-5700
213 Taunton Ave, Seekonk, MA for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/6
null | 12% Cap Rate

213 Taunton Ave
Seekonk, MA 02771


OVERVIEW

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest  in the 86-room Ramada by Wyndham Seekonk Providence Area (the “Hotel” or “Property”). • Prime Location: Located near East Providence, 10 minutes from downtown Providence, and directly off Route 44 with close proximity to I-95/I-195. Ideal for regional travelers and transient guests. • Strong Market Fundamentals: Providence boasts a unique blend of historical significance, modern attractions, and a significant medical-academic cluster. Home to 8 universities and 8 hospitals, with consistent government demand as a capital city. • Robust Industrial Market: 6.1M SF of industrial space within a 3-mile radius. Vacancy nearing 10-year low (3.73%) with rent and sales price per square foot at 10-year highs ($10.51 and $73 respectively). • Attractive Return Profile with Strong YTD Performance: 9% cap rate opportunity with ~15% cash-on-cash return upon acquisition. Revenue up over 11% year-to-date as of April 2025, with minimal PIP requirements. • Multiple Revenue-Generating Leases and Ample Event Space: Multiple revenue streams through various leases including restaurant/bar, kitchen, apartments, office spaces, storage areas, and garage. These leases currently generate about $140k annually with the potential to lease out additional spaces  available. The Hotel also features over 25,000 SF of event space- the most space in the region east of the Providence River. • Value Proposition: Four-story property on 8.8-acre parcel, offered well below replacement cost at under $100k/key. Unencumbered by management and debt, allowing new owners to implement cost control and revenue management strategies.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$55 USD /SF

# OF ROOMS

85

PRICE/ROOM

$94,118 {currency}

CAP RATE

12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ramada by Wyndham Seekonk Providence Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1930

PARKING SPACES

464

LAND DETAILS

LAND ACRES

8.41 AC

LAND SF

366,340 SF

ZONING

HB

APN/PARCEL ID

SEEK-000140-000000-000940

ASK ABOUT THIS PROPERTY

212-812-5700

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212-812-5700

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