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EXECUTIVE SUMMARY
Opportunity to own a retail building in the heart of one of the most highly trafficked vacation destinations in New England. Located in the Port of Galilee, a renowned fishing village in Narragansett, known for its beaches, scenic views, fishing charters, whale watching tours, fresh seafood, and Block Island ferry access. The Boat House is a resort boutique store offering jewelry, trendy clothing, t-shirt and sweatshirts, local souvenirs, and RI’s best salt-water taffy. The 1,040 square foot building is currently comprised of a boutique store, back office, a half bath and mezzanine storage. With 50 linear feet of showroom frontage on Great Island Road, and with high foot traffic, the building is visible from both directions, and steps from the Block Island ferry, the beach, and seaside dining. Other essential qualities include 15 private parking spaces, city utilities, B-B zoning, and an extensive inventory list. Commercial land in the Port of Galilee is owned by the state of Rhode Island, through DEM. This purchase includes the building, rights to the land, a new 30 year lease, and any relevant inventory. A lucrative opportunity for either an investor or end-user.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,040 SF
Building Class
B
Year Built
1985
Price
$690,980 CAD
Price Per SF
$664.40 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
B-B - Retail Building
Parking
15 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
54’ on Great Island Rd
PROPERTY TAXES
| Parcel Number | NARR-000118-I000000G-S000000 | Improvements Assessment | $136,102 CAD |
| Land Assessment | $0 CAD | Total Assessment | $136,102 CAD |
PROPERTY TAXES
Parcel Number
NARR-000118-I000000G-S000000
Land Assessment
$0 CAD
Improvements Assessment
$136,102 CAD
Total Assessment
$136,102 CAD
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311 Great Island Rd
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