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28 Caswell Street
Narragansett, RI 02882
Asking Price
$1.80M
Asset Type
Traditional Office Office
Class
Class B
What's Special
Pier Professional Building Office Investment <p>• Pier Professional Building</p><p>• 224± FT of Frontage on Caswell Street</p><p>• 25,805± SF Land</p><p>• 10,270± SF Office Building</p><p>• Three (3) Office Suites & Six (6) Single Office</p><p>• 24 Parking Paved Spaces & On-Street Parking</p><p>• High Walking Traffic</p><p>• Zoned Urban Renewal (UR)</p><p>• Built 1989</p><p>• Neighbors Narragansett Pier Village & Town Beach</p>
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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015
