10 Prosser TrlCharlestown, RI 02813

Property Details for 10 Prosser Trl

Lot size

4.44 AC

Zone code

C3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

CHAR M:17 L:33

APU

CHARM17L33

Description

This exceptional Charlestown, RI commercial property presents a unique investment opportunity. The 5,750 square foot property includes a historic 1940s motel featuring 21 guest rooms, each with a private bathroom, heating/air conditioning, TV, microwave, and refrigerator. Several rooms boast balconies and kitchenettes. A separate, charming stone building offers a 2-bedroom, 2-bathroom owner's suite with a fireplace and original stonework. The main building houses a restaurant with seating for 100 (including an outdoor deck) and a full kitchen. Additional space includes office/retail areas and a spacious basement ideal for storage or expansion. A detached pub with seating for 45 is also included. Situated on a 4.44-acre corner lot zoned C-3, this property enjoys a prime location on scenic Route 1A, boasting over 18,000 average daily vehicle counts. Its proximity to popular attractions like Weekapaug, Misquamicut, Watch Hill, Charlestown Beach, and Ninigret National Wildlife Refuge ensures high visibility and potential for significant revenue. The property's location offers easy access to Newport, Providence, Foxwoods, and Mohegan Sun. This turnkey operation is ready for a new owner to bring their vision and create a premier destination in Charlestown. The property's blend of historic charm and modern amenities makes it an ideal investment for a variety of uses.

• CAP approach

  CAP return

  Valuation

  6%

  $31,975,788

  6.5%

  $29,516,112

  7%

  $27,407,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,270,428

  Geo Method

  $25,270,428

• Alternative Use

  Use

  Valuation

  Residential

  $36,599,980

  Hospitality

  $33,525,384

  Educational

  $27,892,726

  Medical

  $28,852,000

  Retail

  $43,388,684

Location Insight

City

Charlestown

County

Washington

State

Rhode Island

Latitude

41.3725

Longitude

-71.6731

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].