Property Listing No Longer Available for Sale

294 Great Island Road, Narragansett, RI

Multi-Use for Sale - $999,999 - 8,000 Sq. Ft.


Property Info

CIMLS#809244
Location
  294 Great Island Road
  Narragansett RI 02882
UpdatedJune 15th, 2015
TypeMulti-Use
Price$999,999
Building8,000 Sq. Ft.

Property Description

Water Front Building with Full Service "Turn Key" Restaurant & Existing Leaseholds (Narragansett, RI)

Start with immediate income of over $5,000 per month from existing long term leaseholds.

Water Front Building with Full Service Restaurant & Liquor License

8000 sq ft. Building

Narragansett, Rhode Island

1st Floor has two long term tenants.

2nd floor is a full service restaurant with liquor license and a full "state of the art" sound system.

Building recently updated with fire sprinklers.

Building has two new heating systems.

URI is 15 minutes away with most off campus students living within a few miles of restaurant.

GREAT opportunity for a seasoned Chef that is ready to own and operate their own business.

Business Summary

8000 sq ft building with full service restaurant and full liquor license which occupies 4000sq ft. of the second floor overlooking the local port. Retail space on the first floor totaling 3500 sq ft of which is 100 % occupied. Building is water front and directly in the middle of a thriving RI port. Located in a major tourist area with 1,000,000 plus tourist making their way through yearly.

General Information

Facilities: Building is 2 floors with retail shops on the first floor and a full service restaurant on the second. Building is Water Front and directly next to a passenger ferry which transports thousands of tourists and locals to nearby island.


Financials