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360 Kingstown Rd 25,512 SF 94% Leased Office Building Narragansett, RI 02882 $7,500,000 ($293.98/SF)
INVESTMENT HIGHLIGHTS
- Prime location, entrance to Narragansett
- Highly trafficked area
- High visibility
EXECUTIVE SUMMARY
PROPERTY OVERVIEW
360 Kingstown Road is a medical office building located in
Narragansett, Rhode Island. Constructed in 1987, the building
comprises 14 units totaling approximately 25,222 square feet.
The property spans 2.6 acres across two lots of record.
LOCATION HIGHLIGHTS
• Prime Location: Situated at the Narragansett rotary, the
main entrance to the town, offering excellent visibility and
accessibility.
• Proximity to Beaches: Minutes away from South County’s
renowned beaches, enhancing appeal for both commercial
and recreational uses.
• Transportation Access: Convenient access to Route 1 and a
20-minute drive to Route 95, facilitating regional connectivity.
INVESTMENT HIGHLIGHTS
• Versatile Property: The existing medical office setup provides
immediate income potential, with opportunities for conversion
to other permitted uses.
• Strategic Location: High-traffic area at the town’s entrance
ensures sustained visibility and customer access.
• Development Potential: The substantial lot size and favorable
zoning open avenues for expansion or redevelopment
projects.
ZONING & POTENTIAL USES
The property is zoned B-A (Business), which permits a variety
of uses, including but not limited to:
• Hotel
• Medical offices
• Mixed-use commercial shopping center
• Retail trade
This zoning flexibility offers significant potential for
redevelopment or repurposing to suit various business ventures.
360 Kingstown Road is a medical office building located in
Narragansett, Rhode Island. Constructed in 1987, the building
comprises 14 units totaling approximately 25,222 square feet.
The property spans 2.6 acres across two lots of record.
LOCATION HIGHLIGHTS
• Prime Location: Situated at the Narragansett rotary, the
main entrance to the town, offering excellent visibility and
accessibility.
• Proximity to Beaches: Minutes away from South County’s
renowned beaches, enhancing appeal for both commercial
and recreational uses.
• Transportation Access: Convenient access to Route 1 and a
20-minute drive to Route 95, facilitating regional connectivity.
INVESTMENT HIGHLIGHTS
• Versatile Property: The existing medical office setup provides
immediate income potential, with opportunities for conversion
to other permitted uses.
• Strategic Location: High-traffic area at the town’s entrance
ensures sustained visibility and customer access.
• Development Potential: The substantial lot size and favorable
zoning open avenues for expansion or redevelopment
projects.
ZONING & POTENTIAL USES
The property is zoned B-A (Business), which permits a variety
of uses, including but not limited to:
• Hotel
• Medical offices
• Mixed-use commercial shopping center
• Retail trade
This zoning flexibility offers significant potential for
redevelopment or repurposing to suit various business ventures.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
25,512 SF
Building Class
C
Year Built
1987
Price
$7,500,000
Price Per SF
$293.98
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,756 SF
Building FAR
0.23
Lot Size
2.60 AC
Zoning
B-A - Professional Use/General Business
Parking
75 Spaces (2.94 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Air Conditioning
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360 Kingstown Rd
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