10 Prosser Trl Prosser Trl, Charlestown, RI 02813
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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