Jamestown RI Commercial Building For Sale

Jamestown Building

PENDING SALE !

Property Description

Missed out last time? Now’s your second chance! Rare opportunity to purchase a 10,845 sq.ft. in the heart of Jamestown, RI. The first floor was the home of Baker’s Pharmacy. The second floor features two residential units and office suites. Perhaps the best is saved for the upper floor which features two large spectacular apartments with their own decks. Located in between two marinas, restaurants and shops. Tons of parking but no need to drive. Walk to everything. Enjoy Jamestown or walk down the street and hop on the ferry to Newport. Don’t miss out this time! Call today for an appointment. ** See additional information via PDF below

Property Details

Address: 53 Narragansett Ave, Jamestown, Rhode Island

Buillding Size: 10,845 SqFt Via Vision Appraisal

Lot Size: 16,100 SqFt

Sale Price: $1,750,000

Sewer: Public Connected

Water: Public Connected

Sprinkler System: Yes- wet on 1st floor- dry on 2nd & 3rd

Assessment: $1,553,800

Taxes: $12,540: 2020 Tax Rate

Plat: 9

Lot: 207

Year Built: 1986

Unit Descriptions:

First Floor:

Retail Space, 3,800 SqFt, prior use Bakers Pharmacy

Second Floor:

SW Apartment: 750 SqFt, 2 Bedroom/ 2 Bathroom
SE Apartment: 600 SqFt, 1 Bedroom/ 1 Bathroom
NE Office: 800 SqFt, Three Room Office Suite
NW Front Office: 350 SqFt, Single Office
NW Middle Office: 500 SqFt, 3 Office Suite with

Third Floor:

South Apartment: 1,200 SqFt, 2 Bedroom/ 2 Bathroom
North Apartment: 1,200 SqFt, 3 Bedroom/ 2 Bathroom, features a covered deck and water views

Affordable Housing:

Jamestown Zoning calls that for any property with more than four residential units, 20% of the units must be affordable. The 2018 State designated values are:

Sale- 2 bedroom- $200,000. 1 bedroom- $179,000

Rental- 2 bedroom- $1,014 per month. 1 bedroom- $850 per month