Listed by Bhhs New England Properties
$2,395,000
19 Winnapaug Road
Details
APN 19WINNAPAUGRDWEST
Property Type Hospitality
Sub Type Hotel, Motel
NOI $179,000
Year Built 1965
Buildings 1
Lot Size (SqFt) 16,553
Zoning scg
Parking Spaces 20 spaces
Hospitality
Marketing description
Sea Shell Motel – Prime Misquamicut Beach Investment OPEN AND CURRENTLY OPERATING HOTEL
Offered at $2,395,000
Steps from the Atlantic surf in Rhode Island’s most popular beach community, the Sea Shell Motel is a profitable, turnkey hospitality business with on-site living quarters.
Property Overview
10 Guest Rooms – Clean, comfortable, and identically furnished for efficiency. Each feature two double beds, mini fridge, microwave, dresser, mirrors, showers, and seasonal A/C.
Owner/Manager’s Quarters – Private attached apartment with queen bedroom, kitchen, bath, office space, and laundry.
Amenities – Granite bath counters, newly paved lot (2023), fountain, hot tub, small dock with 4 kayaks, grills, picnic tables, outdoor shower, Keurig coffee.
Operations – Security cameras, remote keypads, custom-built online reservation system.
Financial Performance
2024 Gross Income: $213,000
Annual Fixed Expenses: $34,073
Location Advantage
In the heart of Misquamicut, within walking distance to the State Beach, Atlantic Beach Park, and the seasonal entertainment district, with direct Winnapaug Pond access.
Investment Highlights
Turnkey, proven income, repeat clientele, and the rare opportunity to live and work steps from the beach.
Listing Contacts
Listed by Bhhs New England Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$179,000.00
$14,916.67/mo
Valuation Metrics
0
DSCR
7.47%
Cap Rate
7.47%
ROI
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