45 Nooseneck Hill RdWest Greenwich, RI 02817

Property Details for 45 Nooseneck Hill Rd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.45 AC

Property size (Sq ft)

17,200 SF

Zone code

HB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WGRE M:006 B:0021 L:4

APU

WGREM006B0021L4

Description

This exceptional 17,200-square-foot office building, situated on a 1.38-acre lot at 45 Nooseneck Hill Road in West Greenwich, Rhode Island, presents a unique investment opportunity. Built in 1989, the single-story structure features a total of 60 parking spaces, ensuring ample convenience for tenants and visitors. The property is zoned HB and is currently entirely vacant, offering a blank canvas for a new owner or tenant to customize the space to their specific needs. The building's single suite configuration allows for maximum flexibility and control. Common area maintenance (CAM) charges include snow removal, landscaping, and exterior maintenance, along with taxes, simplifying operational costs. This prime location in Kent County, with easy access via Exit 6 Plaza, offers high visibility and potential for strong tenant attraction. The property's size and features make it suitable for a variety of office uses, potentially including traditional office spaces, or even a combination of uses given its previous history as a mixed-use retail and office space. The substantial square footage and ample parking make this a highly desirable property in a thriving Rhode Island community. The property's zip code is 02817.

• CAP approach

  CAP return

  Valuation

  6%

  $4,180,200

  6.5%

  $3,858,646

  7%

  $3,583,029

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,663,327

  Geo Method

  $5,663,327

• Alternative Use

  Use

  Valuation

  Residential

  $3,254,913

  Hospitality

  $2,981,482

  Educational

  $2,480,558

  Medical

  $2,565,869

  Retail

  $3,858,646

Location Insight

City

West Greenwich

County

Kent

State

Rhode Island

Latitude

41.6573

Longitude

-71.6041

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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