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Spain of Narragansett 1144 Ocean Rd

8,293 SF Retail Building Narragansett, RI 02882 £3,550,500 (£428/SF)

Investment Highlights

  • 400 Seats
  • Ocean Views
  • Large Lounge Area
  • Al Fresco Dining in Court Yard
  • Function Room
  • 150 Surface Parking Spaces

Executive Summary

Landmark Restaurant with Real Estate in South County Rhode Island. This business has provided legions of loyal patrons an exceptional dining experience for over 30 years. The owners are ready to retire and hand over this seasoned operation to an individual or group that will appreciate a business model designed to maximize profits while providing scores of raving fans with some of the best cuisine in New England. This opportunity includes the real estate which may provide a unique development opportunity to construct six single family homes in a coastal setting with ocean views.

Property Facts

Sale Type
Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,293 SF
Year Built/Renovated
1966/1995
Price
£3,550,500
Price Per SF
£428
Number of Floors
2
Building FAR
0.14
Land Acres
1.41 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
R10 - Residential, Minimum 10K Lot Requirement.
Parking
150 Spaces (18.09 Spaces per 1,000 SF Leased)
Frontage
300 ft on Ocean Road

Amenities

  • Corner Lot
  • Courtyard
  • Fireplace
  • Mezzanine
  • Restaurant
  • Roof Lights
  • Accent Lighting
  • Storage Space
  • Air Conditioning
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(401) 769-4333 x204

  • Listing ID: 27470250

  • Date on Market: 09/01/2023

  • Last Updated:

  • Address: 1144 Ocean Rd, Narragansett, RI 02882

The Retail Property at 1144 Ocean Rd, Narragansett, RI 02882 is currently available For Sale. Contact Keller Williams Coastal for more information.

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1144 Ocean Rd, Narragansett, RI for sale Primary Photo- Image 1 of 15
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© 2024 CoStar Group

Spain of Narragansett | 1144 Ocean Rd
(401) 769-4333 x 204

Spain of Narragansett | 1144 Ocean Rd

Alex Biliouris

(401) 769-4333

x204

(401) 769-4333 x204

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