718 Succotash Rd - Marinas FOR SALE


South Kingstown, RI 02879
$6,500,000 USD
401-480-4923
718 Succotash Rd, South Kingstown, RI for Sale
$6,500,000 USD
Marinas - FOR SALE
1/37
null | Request Cap Rate

718 Succotash Rd
South Kingstown, RI 02879


HIGHLIGHTS

  • Close proximity to East Matunuck State Beach, Potter's Pond and also popular Matunuck Oyster Bar.
  • 3 parcels with approximately 2.5 acres in the idyllic Matunuck Beach community
  • RI Landmark Restaurant with over 50 years of continuous operation.

OVERVIEW

This is a package sale of 3 properties located in the idyllic East Matunuck Beach community. Being sold together is the Rhode Island landmark Cap'n Jack's Restaurant + The Salt Marsh Pub and Raw Bar, along with a 26 slip marina, a beach house, a free standing garage, a 200+ space parking lot, a small non-developable parcel of land, signage and other improvements. The Restaurant and Pub have seating for 188 indoors plus 100 outdoors. The main 3 parcel property has a combined total land area of approximately 2.5 acres. This is a fantastic South County location a short distance from East Matunuck Beach, Potter's Pond and the also popular Matunuck Oyster Bar. The properties are zoned CW (Commercial Waterfront). This is a large parcel that is ideal for the current uses or re-development.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$970 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

ADD'L SUBTYPES

Parking Lot

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,771 SF

ZONING

CW

APN/PARCEL ID

SKIN-008703-000000-000010

ASK ABOUT THIS PROPERTY

Sam ButterfieldRE/MAX River's EdgeMore Info
401-480-4923

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sam ButterfieldRE/MAX River's EdgeMore Info
401-480-4923

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.