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Off Market
1/34

270 Great Island Rd
Narragansett, RI 02882


HIGHLIGHTS

  • 8.4% CAP
  • Galilee Waterfront Investment

OVERVIEW

Tightly Held Leasehold Marine Facility located in the high demand port of Galilee in Southern Narragansett. Currently serving the Lobster industry, but previously has uses including an Ice house, and commercial fishing with its unparalleled access to Port Judith and the Atlantic Ocean. This property is also located within the Galilee area, as a Federally Designated Opportunity Zone, created by the Tax Cuts and Jobs Act of 2017. Unique opportunity for an owner occupier or savvy investor with current income and short term leases in place. Land is Leased from the State of RI In the center of the commercial and retail area of Galilee, and adjacent to the Summer heartbeats of Port Judith and Narragansett, this location is only 45 minutes from the City of Providence and 30 minutes from Newport in Rhode Island.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

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STORIES

2

YEAR BUILT

1950

UTILITIES

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CLEAR CEILING HT

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DOCKS

2

DRIVE INS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

NARR-000204-I000000G-000000DS