5875 Post RdEast Greenwich, RI 02818

Property Details for 5875 Post Rd

Year built

1978

Construction

FRAME

Lot size

0.44 AC

Property size (Sq ft)

4,655 SF

Zone code

CH

Property type

Other commercial real estate

Property subtype

Showrooms

APN

EGRE M:045 B:011 L:087 U:0000

APU

EGREM045B011L087U0000

Description

This exceptional second-floor office space, located at 5875 Post Road, Unit 7, in East Greenwich, Rhode Island, is now available for lease. Situated in the Courtney Square building, this unit offers a convenient location, being the last building in East Greenwich before Frenchtown Road. The 02818 zip code provides easy access to local amenities and transportation. The space boasts three private offices, perfect for a small business or professional team. A convenient kitchenette/break room is included, providing a comfortable space for employees. A dedicated bathroom adds to the unit's functionality. The unit is located on the second floor, accessible via 13 steps. Note that the mailing address is 7 Franklin Rd, East Greenwich, RI 02818. Tenants are responsible for all utilities, including gas, electricity, cable, internet, and the complete maintenance, repair, and replacement of the air conditioning system. This is a standard practice in commercial leasing agreements. The building is a two-story structure, and this is the only vacant unit currently available. The asking price for this well-appointed office space is $1,500. This presents a unique opportunity for a business seeking a well-located, functional, and private office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,131,328

  6.5%

  $1,044,302

  7%

  $969,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,532,720

  Geo Method

  $1,532,720

• Alternative Use

  Use

  Valuation

  Residential

  $880,908

  Hospitality

  $806,907

  Educational

  $671,337

  Medical

  $694,426

  Retail

  $1,044,302

Location Insight

City

East Greenwich

County

Kent

State

Rhode Island

Latitude

41.6357

Longitude

-71.4687

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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