12.24 Acres of Development Opportunity Just 2.9 Miles from Charlestown Beach This 12.24-acre parcel is ideally located only 2.9 miles from Charlestown Beach, offering a rare combination of size, location, and development potential. The property features approximately 40 feet of frontage on Narrow Lane, a formerly proposed road, and is situated between existing homes at 118 and 122 Narrow Lane. Currently consisting of a single parcel, the property is zoned R-3A, which provides the potential for subdivision into three residential lots (subject to town approvals). This presents an excellent opportunity for developers or investors seeking to create multiple home sites in a highly desirable coastal community. Owner Financing considered.
Permitted Use
Residential,Single Family
Utilities
Electricity Available
Lot Description:
Rolling Slope
Amenities:
Golf, Highway Access, Near Schools, Pool, Recreation Area, Restaurant, Shopping
120 Narrow Lane, Charlestown, RI, 02813
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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