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- LoopNet Team
270 Great Island Rd
Narragansett, RI 02882
Industrial Property For Sale
Investment Highlights
- 8.4% CAP
- Galilee Waterfront Investment
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 2 |
| Property Subtype | Year Built | 1950 | |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 12,298 SF |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Rentable Building Area | 12,298 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| No. Dock-High Doors/Loading | 2 |
Amenities
- Front Loading
- Restaurant
- Waterfront
About 270 Great Island Rd , Narragansett, RI 02882
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.
PROPERTY TAXES
| Parcel Number | NARR-000204-I000000G-000000DS | Improvements Assessment | $551,900 |
| Land Assessment | $0 | Total Assessment | $551,900 |
PROPERTY TAXES
zoning
| Zoning Code | I-B |
| I-B |
Learn More About Investing in Industrial Properties
