$1,800,000
$2,000,000
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1 Pier Market PL Narragansett, RI 02882
3.75 Acres Lot
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Narragansett Pier
MLS Listing ID 1242635
Sold Date 03/17/21
HOA Y/N No
Year Built 2006
Annual Tax Amount $35,804
Tax Year 2018
Lot Size 3.748 Acres
Acres 3.7484
Property Description
A significant portion of The Pier Marketplace is offered exclusively for sale, which includes fee simple interest in a ground lease under building A as well as an undivided interest in buildings B, C and D including 111 parking spaces and shared rights to additional parking. The property also includes common interest/easements in certain travel ways within the Pier Village Marketplace which are shared with other users. Sales Offering Memorandum will be presented upon Confidentiality Agreement execution.
The Narragansett Pier Marketplace is the largest class A retail space in Narragansett Pier, and a mile from Route 1 with 40,000 cars/daily. Anchors include Trio Restaurant, Dunkin Donuts and Bank of America, in addition to four other National tenants. Steps from the best beach in New England, minutes from the University of Rhode Island, Wakefield and Newport, the Marketplace contains professional on-site property management and maintenance. The center is on 4 acres and contains retail, restaurants, services and class A offices, and is surrounded by 141 luxury ocean-front condominiums.
Location
State RI
County Washington
Community Narragansett Pier
Zoning URD
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Exterior
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Municipal Utilities, Phone Available, Underground Utilities, Water Connected, Sewer Connected
Street Surface Asphalt
Total Parking Spaces 111
Building
Story 1
Foundation Slab
Sewer Connected, Storm Sewer
Water Connected, Public
Level or Stories 1
Structure Type Frame
New Construction No
Others
Tax ID 1-23PIERMARKETPLNARR
Security Features Building Security,Carbon Monoxide Detector(s),Fire Alarm,Firewall(s),Smoke Detector(s),Security Lights
Acceptable Financing Assumable
Listing Terms Assumable
Financing Conventional
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