CCertihomes
10 Prosser, Charlestown, RI 02813

$4,750,000

0 beds 0 baths Built 1940Active

About this home

One-of-a-kind commercial/mix-use, The Wind Swept Inn, rests on a corner lot, 4.43 acres zoned C-3. Welcome to this exceptional opportunity with this 1940 motel by the ocean which offers 4 buildings and 21 guestrooms. Each room includes a bathroom with shower/tub and heat/air conditioning combinations, TVs, microwaves, and refrigerators some have balconies and kitchenettes. In addition to the guestrooms, there is a detached stone building with a blend of old-world charm, it features 2bd, 2 baths, a lovely stone fireplace along with a private owner’s suite, and original architectural stone details. The main building features a restaurant that seats up to 100 (including the outdoor deck), a full kitchen, office/retail, a spacious basement available for storage or expansion, and a detached pub that seats 45. Located in the city center and by the ocean, on a scenic route 1A, with over 18, 000 vehicles on average traveling daily and within minutes to Weekapaug, Misquamicut, and Watch Hill. Nature's beauty can be found next door at Ninigret National Wildlife Refuge and Burlingame State Park. Area of attractions include Charlestown Beach, Umbrella Factory, and Frosty Drew Observatory. A short ride to Newport, Providence, Foxwoods, Mohegan Sun, and everything else South County has to offer. The motel can be operational with the right owner, bring your vision, and make it "the" destination in Charlestown for special functions and/or premium stays. This is a must-see.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$38,501/mo

Real estate (PITI + HOA + PMI)
$30,200
Principal + interest$21,543
Property tax + insurance$6,876
PMI / 2nd mortgage$1,781
Utilities
$19,706
Heating + cooling$9,700
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$134
Car insurance + maintenance$134
Other (entertainment)
$140
$38,501/mo TLC
Budget$39,001/mo
Remaining after TLC$500/mo
Purchase price
$4,750,000
Down payment
$237,500 (5%)
Loan amount
$4,512,500
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1940
Lot size
4.44 ac
Stories
2
Heating
Baseboard, Heat Pump
Cooling
Individual Unit
Water
Well
HOA
Annual tax
$6,556
MLS #
1343181
County
Washington

At a glance

Basement

Home features

Interior
Ceiling Height: 7-9 Ft
Sewer
Septic Tank

Lot features

Corner, Security, Underground Utilities, Park, Rural, Suburban

Neighborhood — 02813

MetricThis ZIPCountyUSA
Population8,6791,095,423299,088,112
Population Change Since199033.00%9.00%20.00%
Population Density213994
Male4,314529,266147,432,321
Female4,365566,157151,655,844
Never Married1,397266,40463,775,926
Married4,742435,678123,120,365
Separated16543,64212,639,686
Widowed45966,66815,467,586
Divorced55283,84323,075,029
Number Of House Hold3,247410,399111,826,380
Average House Hold Size2.662.562.60
Medial Age42.6637.2735.46
Median House Hold Income$61,196$47,553$48,276
Average House Hold Income$75,432$61,609$63,629
P C I$28,517$23,965$24,529
M D I$50,665$40,634$41,133
A T H E$58,115$49,940$50,898
S T R7.00%7.00%
W C J72.05%78.02%77.74%
(Zip) Code
2813

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 9/5/2023. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.