We were not surprised recently to hear that this active Rhode Island Inn for sale received Yankee Magazine’s Editors’ Choice Award for “Best Riverview Inn”. We have known many Inns over the last 35 years and, needless to say, some of those have been riverside. However, few have combined the pastoral charms of South County Rhode Island (with its sweeping pastures, six golf courses and picturesque villages) with a location in close proximity to countless active, urban centers.
Hartford, CT, Boston, MA, and New York City are one, two and three hours from the Inn, respectively, while Newport, RI, is 30 minutes away. In addition, Narragansett Bay is a short drive, as is the University of Rhode Island and Foxwoods Casino. And yet, the Inn’s immediate location, in a quiet swath of Rhode Island, may be its most notable feature.
Rather than paraphrase the mighty New England Magazine, we will let Yankee’s editors speak for themselves: “The rustic, homey accommodations – with jetted tubs, fireplaces, and views of the Wood River gliding gently by – feel more Adirondack than Ocean State, and that’s the appeal of this renovated 1796 stagecoach stop in the midst of inland Rhode Island’s outdoor enticements.”
This Rhode Island Inn is not your typical Bed and Breakfast property. The Inn received a major renovation in 2001 that preserved the historical charm of the 1796 structure (its beams, fireplaces and granite features can be seen throughout) while adding jetted tubs, gas fireplaces and private en suite baths to all 11 rooms. Ten of these guestrooms offer views of the Wood River. Another positive Inn-aberration comes from the presence of four retail spaces on the ground floor of the Inn, adding a rental income of almost $60,000.00 per year. Gross sales in 2015 were $254,734.00 (a 7% increase in sales over 2014 and an astounding 16% increase over 2013), with a cash flow that will easily support a projected debt service. This upward trend has continued into 2016, with the Inn showing positive growth over 2015.
This outstanding Rhode Island Inn for sale is, by our Acclamation, worthy of real consideration by any serious Inn Buyer. We invite you to call us at 877-957-2360 for details and to arrange a visit to the Inn.