Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Coastal Property For Sale Title is generated by Realmo AI

    1 Angell Road, Narragansett, RI 02882

    View on Map
    Claim this Listing
    For Sale
    $5,995,000

    COMMERCIAL - Narragansett, RI

    Type:Apartment
    Lot size:
    0.30 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    59
    Last Refresh:
    May 14 at 8:06 pm

    Property Features for 1 Angell Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Zoning
    B-A
    Parking
    20
    Standard status
    Active
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13807

    Building Details

    Year built
    1963

    We can help!

    Listing Contact
    Benjamin Wood

    Listing agent Benjamin Wood License #RES.0044774

    Listing office Lila Delman Compass 235 Main Street, RI

    Listing date Mar 17, 2026

    MLS# 1406746

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Directly across from Scarborough State Beach with sweeping ocean views.
    • Multiple income streams from Airbnb units, apartments, restaurants, and retail spaces.
    • Two recently renovated, high‑performing Airbnb units.
    • Prime location benefits from strong seasonal and year‑round traffic.
    • Mixed‑use coastal property in a sought‑after beach location.
    • Opportunity for lease‑up or repositioning to increase income.

    Overview

    This mixed-use coastal property is positioned directly across from Scarborough State Beach. It benefits from high visibility, constant foot traffic, and ocean views. The property is designed for multiple income streams, featuring two recently renovated Airbnb units, a six-bedroom apartment, two on-site restaurant concepts, and two additional retail spaces. The property benefits from strong seasonal traffic while still maintaining year-round activity due to its location across from one of the busiest beaches in the state. Situated on a lot of 0.298 acres, this property is located in Narragansett, Washington County, Rhode Island. The zoning is B-A. The property presents an opportunity for an investor or operator looking to establish a presence in a high-traffic coastal market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Nail Salon Building Supply Accounting Firm Kitchen & Bath Showroom Big Box & Wholesale Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Narragansett
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.479208
    Latitude
    41.390049

    Nearby Similar for Sale

    • $5,000
      3,200 SF

      Restaurant/Bar Opportunity Near Scarborough Beach

      Fully built-out restaurant and bar near Scarborough State Beach.
      1 Angell Road, Narragansett, RI 02882
      View Details
    • $3,000
      1,200 SF

      Turnkey Takeout Concept Near Beach

      Seasonal takeout restaurant opportunity near Scarborough State Beach.
      1 Angell Road, Narragansett, RI 02882
      View Details
    • $7,500,000
      25,522 SF

      Narragansett Medical Office Redevelopment Opportunity

      25,222 sq ft medical office building on 2.6 acres.
      360 Kingstown Road, Narragansett, RI 02882
      View Details
    • $350,000
      1,800 SF

      Turnkey Pizza Business Opportunity

      Established pizza business for sale in Narragansett, Rhode Island.
      909 BOSTON NECK Road, Narragansett, RI 02882
      View Details
    • $1,175,000

      Water View Home Opportunity

      Updated home with rental history and expansion potential.
      26 Richard Smith Road, Narragansett, RI 02882
      View Details
    • $499,900

      Versatile Condo Near Beach Access

      First-floor flex condo near beach, suitable for various uses.
      236 Sand Hill Cove Road, Narragansett, RI 02882
      View Details
    • $1,590,000
      2,358 SF

      Narragansett Duplex with Water Views

      Coastal duplex in Narragansett, close to the ocean.
      6 MacAlder Street, Narragansett, RI 02882
      View Details
    • $499,900
      612 SF

      Versatile Flex Condo Near Beach

      First-floor flex condo with deeded beach rights and versatile layout.
      236 Sand Hill Cove, Narragansett, RI 02882
      View Details
    • $7,500,000
      25,522 SF

      Narragansett Redevelopment Opportunity

      25,222 SF medical office building on 2.6 acres.
      360 Kingstown, Narragansett, RI 02882
      View Details
    • $5,955,000
      11,459 SF

      Mixed-Use Coastal Property For Sale

      Mixed-use property with ocean views and multiple income streams.
      1 Angell Rd, Narragansett, RI 02882
      View Details
    • $89,900
      655 SF

      Narragansett Medical Office For Sale

      Ground level office space in Narragansett Medical Building.
      360 Kingstown #107, Narragansett, RI 02882
      View Details
    • $89,900
      781 SF

      Narragansett Medical Office Space

      Ground-level office space in Narragansett Medical Building for sale.
      360 Kingstown #103, Narragansett, RI 02882
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Rare mixed-use property with ocean views and multiple income streams.
    Where is this mixed-use property located?
    The property is located at 1 Angell Road Narragansett, RI.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: Directly across from Scarborough State Beach with sweeping ocean views.; Multiple income streams from Airbnb units, apartments, restaurants, and retail spaces.; Two recently renovated, high‑performing Airbnb units.
    (401) 789-6666
    We can help!
    Listing Contact
    Benjamin Wood
    Real Estate License ID: RES.0044774
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1 Angell Road, Narragansett, RI 02882
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!