A long-held retail property in Narragansett, RI has been formally introduced to the investment market, marking its first offering in more than half a century. The Agency is marketing the asset, located at 120 Point Judith Rd., with an asking price of $3,200,000. The commercial plaza, which has been in the hands of a single family since 1973 and has no arm’s-length sale on record, presents a rare opportunity to acquire a stabilized, multi-tenant retail property in this location.
The property totals 15,626 square feet of space situated on a 0.82-acre site. It offers approximately 198 feet of frontage along Route 108, providing prominent exposure on a key local corridor. The configuration consists of eight individual suites arranged within the plaza, accommodating a mix of service and food uses alongside significant available space for new tenancy.
Three tenants operate year-round at the property under triple-net lease structures that feature 3% annual rent increases. These users occupy a portion of the center and provide recurring income for an incoming owner. The balance of the space, totaling approximately 9,622 square feet, is currently available for lease, creating a combination of in-place cash flow and lease-up potential within the same asset.
The vacant area is led by a 6,512-square-foot street-facing anchor suite that fronts directly onto Route 108, offering visibility to passing traffic. Additional available space includes a finished 1,360-square-foot rear-entry suite and a 1,750-square-foot shell suite, enabling a range of potential retail or service configurations subject to tenant requirements and local market demand. These spaces are positioned within the same plaza footprint, allowing for a contiguous retail environment under single ownership.
The Agency, described as a global boutique real estate brokerage, is overseeing the marketing effort. The firm reports more than 190 offices across 17 countries and more than $104 billion in sales volume since its founding in 2011. Its Narragansett office opened in September 2026 and serves as the brand’s first location in Rhode Island. Within the current campaign, Patrick Farrell is identified as the brokerage contact for the offering at 120 Point Judith Rd.
This combination of long-term family ownership, documented asking price, existing triple-net income, and defined vacancy profile positions the plaza as a notable retail listing in Narragansett’s commercial landscape.
