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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

  • See Town Planner or State officials for details and confirmation

 

Location: Jamestown Village
Parking: 30 Parking Spaces
Heat / Air: Electric Heat Pumps + Central Cooling- 9 hvac units
Restricted Uses: May not be used as a pharmacy for 4 years
Zoning: CD Commercial Downtown
Virtual PDFs:
https://kirbyprop.com/site/wp-content/uploads/2019/10/Plat-Map-1.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/Sellers-Disclosure.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/Sellers-Lead-Disclosure.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/Vision.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/53-Narragansett-Floorplan.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/1991-Special-Use-Permit-Multi-Family.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/Jamestown-Parking-Requirements.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/Brochure-2-1.pdf https://kirbyprop.com/site/wp-content/uploads/2019/10/Zoning.pdf

53 Narragansett Ave, Jamestown, Rhode Island,






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