An exceptional opportunity awaits in the vibrant Boon Street business district! This highly visible corner lot is just a few blocks from Ocean Avenue and the beautiful Atlantic Ocean, placing it in one of Narragansett's most desirable and thriving areas. Zoned for commercial use, the property offers limitless potential whether you're envisioning a boutique shop, caf , restaurant, office space, or possible mixed-use development. Notably, it was previously approved for a boutique hotel with a restaurant and rooftop bar, highlighting its incredible versatility and investment appeal. With steady foot traffic, a strong community presence, and close proximity to the beach, this property presents a rare chance to bring your vision to life in a premier coastal location.
Permitted Use
Commercial,Development,Mixed Use
Utilities
Sewer Available,Water Available
Lot Description:
Corner Lot
Amenities:
Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks, Tennis Court(s)
126 Boon Street, Narragansett, RI, 02882
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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