120 Point Judith Road, Narragansett, RI 02882

$3,200,000

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List Price
$3,200,000
Status
ACTIVE
MLS#
1426578
Year Built
1972
Levels
One
Acres
35719

Property Description

For more than half a century, the road to Galilee, the Block Island Ferry and the south coast beaches has run past this address. Now, for the first time since 1973, it is available. 120 Point Judith Road is a coveted gateway offering on Route 108: eight suites across two levels, approximately 15,600 SF on 0.82 acres, with roughly 198 feet of frontage and 32 on-site parking spaces. Every beach day and ferry departure begins on this corridor, and this building sits at the front door of it. Three year-round tenants carry the income on NNN terms. The upside is the story: approximately 10,904 SF of vacancy, led by a 6,500 SF street-facing space. Lower-level suites open to the rear with their own entries. B-B General Business zoning supports retail, service and professional uses by right (special permit for others). A rare combination of frontage, scale and ownership continuity that is not likely to come again soon. For the owner-user, the value-add investor, the 1031 buyer or the developer with vision.

Additional Information

Taxes
$10,281
Lot Size
35,719
Heating
Forced Air
Cooling System Type
Central Air
Sewer
Public Sewer
Parking Spaces
32

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Listing courtesy of The Agency Narragansett. Contact:

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