Lionel Champlin Guest House

Jamestown, Rhode Island

Asking Price: USD $4,150,000
Guest Rooms: 7    7
Owners Quarter: 2    1

Property Overview

Located in Jamestown Rhode Island very near the Town Center and Narragansett Bay.
Completely restored with an old world feel.

Once known as “Vinecroft,” the Lionel Champlin Guest House is a distinctive Victorian that has had only a handful of devoted owners in nearly 140 years. A multi-generational family or group of friends might find this the perfect place to enjoy seaside living all under one roof. A large family might love living in the center of beautiful Jamestown, a minutes’ walk to East Ferry and Narragansett Avenue or a 10-minute walk to just about everywhere else. It could continue its long history as a licensed B&B with six figure annual sales and significant upward potential. This unique home offers the warmth and character of a historical dwelling while benefiting from the extensive renovations in 1987 when it was stripped to the studs with new windows, plumbing and wiring. Since then, it has been meticulously maintained with 2 major renovations since 2019. The property boasts 7 unique ensuite bedrooms, a chef’s eat-in kitchen, a large sunroom with kitchen, living room, dining room, and family room, a dedicated laundry center in the middle of the property, and a full private apartment on the 3rd floor. The apartment has a full bathroom, half bath with laundry, and a small bonus room. Many rooms have a water view, some sweeping. Also featured are Navien tankless dual boiler system, a house generator, EV charger, 10 off street parking spots, and one of the best front porches in town. Take a look. It’s a special place.

About the Owner's Quarters

Beautiful views of Narragansett Bay. Recently remodeled bedroom and previously updated bathroom with walk in shower and closet. Also a sitting room. Minisplit for heat and AC.

Features:
  • Is Historic Historic
  • Has a Barn Romantic
Lifestyle:
  • Near the Beach Beach
  • Close to Fishing Fishing
  • Includes a Restaurant Golf
Business Description:

Has been in operation for over 30 years with the current owner in place since 1997. Has recently generated $125,000 in annual sales with a large upside potential.

Terms of Sale:

Closing will take a minimum of 90 days. Third floor tenant in place through April, 2026.
Furnishings are available for purchase.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Mark Holland (Listing Agent)
  4014804221
Residential Properties LTD

MLS:

1390429

Sq Ft:

6,370

Owner's Quarters Sq Ft:

555

Acres:

0.23

Year Built:

1888

Last Renovated:

1987

Years in Business:

30

MLS:

1390429
Share via Social
Financial Overview

Asking Price:

USD $4,150,000

Other Properties You May Like

15
Seller Financing - 4 Houses in Alva Florida inn for sale
Asking Price: USD $1,250,000
Guest Rooms: 9    5
Owners Quarter: 1    1
15
Inn & Cabins in Ohio Amish Country inn for sale
Asking Price: USD $4,300,000
Guest Rooms: 17    17
Owners Quarter: 1    1
6
Pennington Inn - Walsenburg inn for sale

Pennington Inn - Walsenburg

Walsenburg, Colorado

Asking Price: USD $1
Guest Rooms: 7    7
Sq Ft: 7,500