378 Main StEast Greenwich, RI 02818

Property Details for 378 Main St

Year built

1900

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

8,556 SF

Zone code

CD1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

EGRE M:075 B:003 L:098 U:0000

APU

EGREM075B003L098U0000

Description

This exceptional 728-square-foot office space is ideally situated in the heart of downtown East Greenwich's vibrant Main Street. Located within the single-building Elms Building, this single-tenant unit offers a convenient and prestigious address. The space boasts three distinct rooms, tastefully separated by elegant glass partitions, creating a professional and modern atmosphere. A welcoming lobby area adds to the overall sophisticated feel. Enjoy the comfort of separate utilities and central air conditioning, ensuring a pleasant and productive work environment. Ample parking is readily available on-site with 35 spaces provided for tenants and guests. The building sits on a generous 8,736-square-foot lot. This versatile space presents a multitude of possibilities for businesses seeking a prime location with excellent amenities. Its central location provides easy access to a wide array of restaurants, shops, and other local businesses, making it an attractive option for employees and clients alike. The property is available now, offering an immediate opportunity to establish your business in this thriving community. This is a rare opportunity to secure a well-appointed office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,079,407

  6.5%

  $1,919,452

  7%

  $1,782,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,817,176

  Geo Method

  $2,817,176

• Alternative Use

  Use

  Valuation

  Residential

  $1,619,130

  Hospitality

  $1,483,114

  Educational

  $1,233,934

  Medical

  $1,276,370

  Retail

  $1,919,452

Location Insight

City

East Greenwich

County

Kent

State

Rhode Island

Latitude

41.6586

Longitude

-71.4499

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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