Property profile

120 Point Judith Rd 6 Narragansett, RI 02882

FOR SALE
Showrooms
Property ID
US76-0189345
15,214 SF 0.82 ac lot Built 1972
Entity Owned 22-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 120 Point Judith Road, Unit 6, Narragansett, RI 02882, offers 1,394 square feet of space in a single-tenant building situated on a 35,719 square foot lot. The building is a one-story structure with a B-B zoning designation. The property's diverse zoning allows for a wide range of uses, including retail, office (traditional, creative, executive, and warehouse), restaurant, and industrial applications. Potential tenants could include businesses such as specialty services, pet grooming, appliance sales, pet supplies, automotive parts/repair, bakeries, salons, gift shops, specialty food stores, clothing stores, convenience stores, fitness centers, jewelry stores, and more. The property's high-traffic location on Point Judith Road ensures excellent visibility and accessibility for customers. While there are no on-site parking spaces, the high visibility from the road is a significant advantage. This presents a unique opportunity for a business seeking a prominent location in a busy Narragansett commercial area. The property's versatility and prime location make it an ideal investment for a variety of business ventures.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,214 SF
Lot 0.82 ac (35,715 SF)
Zoning code B-B
APN NARR M:P B:288 L:D
UPID US76-0189345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Point Judith Rd, Unit 6 Narragansett, RI 02882
Narragansett metro Census 51503 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.61M

Owner & transaction history

Zoning & alternative use

B-B · Narragansett, RI
Zoning description

This zone is composed of certain land and structures used for the retailing of commodities and the furnishing of services dependent upon considerable vehicular and pedestrian traffic

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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