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14 Narragansett Avenue, Jamestown, RI, 02835 | $1,875,000
Commercial opportunity in Jamestown! This building features a high-end commercial kitchen equipped with top-of-the-line appliances. What sets this property apart is the outdoor patio and bar area, complete with a professional-grade pizza oven. Currently serving as an event space and wine bar bookstore, this versatile property is poised for transformation into a thriving local restaurant. Step inside to discover a meticulously maintained interior with beautiful hardwood floors that exude warmth and charm. The spacious first floor includes two restrooms for added convenience. Upstairs, you'll find a window-filled room with views of the iconic Newport Bridge, offering a stunning backdrop for memorable dining experiences. This floor also features a temperature-controlled wine closet and another restroom. Additionally, there's access to an outdoor seating deck, perfect for enjoying al fresco dining. In addition to the main areas, there's a versatile room that could be utilized as office space or as extra seating for private events, adding flexibility to the layout of the establishment. With its prime location and exceptional amenities, this property is poised to become Jamestown's newest culinary hotspot. Bring your dreams into reality in this vibrant coastal community.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Mixed Use,Office,Retail
- Construction: Other
- Utilities: Electricity Available,Natural Gas Connected,Natural Gas Not Available,Sewer Connected
- Heating: Forced Air
- Cooling: Central Air,Ductless
- Amenities: Golf,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
- Units: 1
- Zoning: CD
- Year Built: 1840
- Est. Taxes: $7,889
- MLS#: 1354220
- Website: https://www.raveis.com
/prop/1354220/14narragansettavenue_jamestown_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
14 Narragansett Avenue, Jamestown, RI, 02835
$1,875,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,500,000 | $1,500,000 | $1,500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.282% | 6.612% | 6.433% |
| Monthly Tax Payment | $657 | $657 | $657 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,754 | $9,481 | $12,861 |
| Total Monthly Payment | $9,536 | $10,263 | $13,643 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB