1 Pier Market Place, Narragansett, RI 02882

$2,000,000
List Price
$2,000,000
MLS#
RIS-1242635
Status
ACTIVE UNDER CONTRACT
County
Washington
City
Narragansett
Subdivision
Narragansett Pier
Acres
3.75

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.

Additional Information

Days on Market
219
Year Built
2006
Stories
1
Cooling
Central Air
Heating
Central
Parking Spaces
111

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Lila Delman Real Estate.

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