Tidewater Inn

Description
If you have ever fantasized about being an innkeeper in a charming seaside town, this is your chance. The historic Tidewater Inn is perfectly located a short distance from both a beautiful sandy beach and delightful downtown Madison. It offers 8 guest rooms in the main house plus owner quarters and comfortable parlor and dining room for guests to relax, congregate, and enjoy breakfast by the fire in the winter and overlooking the many stunning gardens in the summer. In addition, there is a separate one-bedroom guest cottage and additional space on the third floor of the main house which would be perfect for an owner residence. The Inn has a long history of hospitality beginning its life as a tea room and gift shop circa 1925 and after a stint as a private residence, later became a rooming house in the 1960's. It was sold and extensively renovated by the previous owner and became a bed and breakfast in 1987. Continuously operating as a B&B since then, the current owner has made many updates and improvements as well. Sale includes the property, business and Inn furnishings. Note, the property can also be converted back into a spectacular private home. See listing 170048851 for photos.
Business Information
Rare opportunity to own a piece of New England history. Charming, award winning B&B, built for hospitality since 1925-it has been featured in Yankee Magazine and has won awards for the "Comfiest B&B" on the CT Shoreline for 10 out of the last 11 years. Located in the shoreline town of Madison--walk to beaches-restaurants-shopping-theater The Inn provides excellent ambiance with working fireplaces in dining and living room as well as in two of the guest rooms This B& B is bustling and busy with advance reservations and the potential for higher occupancy with marketing by motivated Innkeeper It is zoning approved and grandfathered with an innkeeper's license.

Price: $999,500
Rooms: 9
Baths: 10
Square Feet: 6,739
Restaurant: No
Year Built: 1918
Occupancy: 44%%
Gross Earnings: $$207,800
ADR: $145
Contact Information
Location:  Madison, CT
Phone: 203-245-8457
Email: escape@thetidewater.com
Website: www.thetidewater.com
Realtor: MLS #170050385, Bette Zollshan, William Pitt Sothe
Reason for selling
Owner Retiring