360 Kingstown Rd Narragansett, RI 02882
This exceptional ground-floor office space, located within the Narragansett Medical Building at 360 Kingstown Road, Unit 103, Narragansett, RI 02882, presents a fantastic investment opportunity. Priced at $89,900, this single-unit property offers immediate occupancy in a high-traffic area with excellent visibility. Built in 1987, this two-story building boasts a bright and welcoming atmosphere. The interior features include well-appointed office/exam rooms, a comfortable reception/waiting area, and a convenient bathroom. Accessibility is ensured with handicap-accessible features. Ample parking is available for both staff and clients. The association fee covers all utilities except phone and internet, providing cost-effective operation. The property's strategic location offers immediate access to Route 1 and the proximity to South County Hospital further enhances its appeal. Suitable for a wide range of professional uses, including but not limited to medical practices, legal, accounting, architectural, appraisal, engineering, insurance, real estate, and surveying firms. This is a rare opportunity to acquire a well-maintained, functional office space in a desirable location. The lot size is 0 sq ft.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.