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    Retail properties & Spaces

    10 Prosser Trl Prosser Trl, Charlestown, RI 02813

    5,750 SF Built 1940
    Property ID
    Property summary
    AI-generated overview

    Prime Charlestown, RI location presents a unique investment opportunity: The Wind Swept Inn, a 1940s motel boasting 21 guest rooms, each with private bath, HVAC, TV, microwave, and refrigerator; some include balconies and kitchenettes. The property encompasses four buildings totaling 5,750 square feet on a sprawling 4.43-acre (193,406 sq ft) lot zoned C-3. A charming, detached stone building offers a 2-bedroom, 2-bathroom owner's suite with a fireplace and unique architectural details. The main building includes a 100-seat restaurant (including outdoor deck) with a full kitchen, office/retail space, and a spacious basement ideal for storage or expansion. A separate pub with seating for 45 guests completes the offering. Situated on scenic Route 1A, enjoying high daily traffic volume (over 18,000 vehicles), the property is minutes from Weekapaug, Misquamicut, and Watch Hill, and near Ninigret National Wildlife Refuge and Burlingame State Park. Nearby attractions include Charlestown Beach, the Umbrella Factory, and Frosty Drew Observatory. Easy access to Newport, Providence, Foxwoods, and Mohegan Sun. This exceptional property presents a rare chance to own a thriving hospitality business with significant upside potential. Asking price: $3,675,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1940
    Total area 5,750 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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