146 Duke StEast Greenwich, RI 02818

Property Details for 146 Duke St

Year built

1920

Construction

FRAME

Lot size

0.36 AC

Property size (Sq ft)

2,345 SF

Zone code

MLIO

Property type

Other commercial real estate

Property subtype

Showrooms

APN

EGRE M:085 B:001 L:416 U:0000

APU

EGREM085B001L416U0000

Description

This exceptional mixed-use property at 146 Duke Street in East Greenwich, Rhode Island, presents a rare investment opportunity. The 2,400 square foot building, situated on a spacious 15,730 square foot lot, boasts ample parking. Originally the East Greenwich Train Station, this meticulously restored landmark retains its historical charm while offering modern amenities. Improvements include a new roof, gutters, restored windows with new storm windows, and fresh interior and exterior paint. The property features a two-zone HVAC system, a pressure-treated deck, stairs, a ramp, and a state-of-the-art fire sprinkler and alarm system. Currently configured as a media office, the building's adaptable layout is suitable for various commercial ventures, having previously served as a restaurant and daycare center. Its prime location in East Greenwich's Hill & Harbor District ensures high visibility and accessibility. The building offers two floors of flexible office and meeting space, making it an ideal choice for businesses seeking a unique and historically significant location. Built in 1920, this single building property is priced at $749,900 and presents a compelling opportunity for a diverse range of commercial uses. The property's versatility, combined with its prime location and recent renovations, makes it a truly exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $569,917

  6.5%

  $526,077

  7%

  $488,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $772,122

  Geo Method

  $772,122

• Alternative Use

  Use

  Valuation

  Residential

  $443,766

  Hospitality

  $406,487

  Educational

  $338,192

  Medical

  $349,823

  Retail

  $526,077

Location Insight

City

East Greenwich

County

Kent

State

Rhode Island

Latitude

41.6593

Longitude

-71.4481

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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