“Narragansett Bay Marina" in Warwick Rhode Island is centrally located in Narragansett Bay, between Warwick Cove and Greenwich Bay. The marina offers 25 wet slips, recently renovated maintenance building with a second floor office overlooking Warwick Cove. The waterfront site is zoned Waterfront Business which allows for all waterfront marine related uses. The property also features a upland storage area for 30 boats during the winter. This area is zoned Residential A-10 and allows parking and upland storage by Special Permit which was granted in 2003. This is a Great Opportunity at a fantastic price $695,000.

Buy the entire place, sell 24 dockominiums @ $30k each to break even with annual maintenance fees to cover taxes/repairs/etc, then profit on storage and have a free dock/storage for yourself.

Sounds like fun...but no way would I want to be in Rhode Island.

$695K for slips, land and storage is a good price for that area. They might have some catch to go with them... ... You do not see much of water front opportunities for under 7 figure these days here in North East.... Although Economy is helping a little to bring some price down.