5407 Post RdCharlestown, RI 02813

  • Other commercial real estate
  • 12.20 AC
For Lease

Property Details for 5407 Post Rd

Lot size
12.20 AC
Zone code
C2
Property type
Other commercial real estate
APN
CHAR M:15 L:29
APU
CHARM15L29

Description

This exceptional Charlestown, RI property at 5407 Post Road offers a unique investment opportunity. The site encompasses four buildings situated on a 2,600 square foot lot. The main focus is a former restaurant building, the Lobster Pot, suitable for lease as-is or with build-to-suit options. The lease terms and price are negotiable and will depend on the tenant's requirements and whether the property is leased in its current condition or renovated to meet specific needs. Additionally, there is an office building on the property, also available for lease. The property is a single-tenant offering, providing a cohesive and manageable space. Importantly, note that there are no on-site parking spaces. Separate from the main buildings, two newly renovated manufactured homes are available for lease at $1850 per month on a 12-month lease term. This presents a versatile opportunity for a variety of commercial uses, from restaurant operations to office space, potentially with additional income streams from the manufactured homes. The property's location in Charlestown, Rhode Island, offers access to local amenities and a strong community presence. Interested parties should inquire about lease terms and pricing to explore the possibilities of this multifaceted commercial property. The zip code is 02813.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $100,567,720
    Hospitality
    $92,119,488
    Educational
    $76,642,336
    Medical
    $79,278,184
    Retail
    $119,221,408
5407 Post Rd, Charlestown, Rhode Island

Location Insight

City
Charlestown
County
Washington
State
Rhode Island
Latitude
41.3645
Longitude
-71.6876
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,413
$570,800
$192,700
$763,500
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-
-
-

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