7659 Post RdNorth Kingstown, RI 02852

Property Details for 7659 Post Rd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.93 AC

Property size (Sq ft)

20,245 SF

Zone code

PR

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NKIN M:135 B:040

APU

NKINM135B040

Description

This exceptional 5,000-square-foot retail space presents a unique investment opportunity in the thriving Post Road District. Situated on a 5.93-acre lot, this single-tenant building offers unparalleled flexibility. Constructed in 1987, the single-story structure boasts a spacious, open floor plan adaptable to various uses, including retail, office space, or even a place of worship. Ample parking is provided with 82 spaces, ensuring convenient access for customers and employees. The property benefits from a strategic location amidst established, high-traffic businesses, guaranteeing significant visibility and foot traffic. A traffic light at the property's entrance further enhances accessibility. The property's 200-amp electrical service ensures sufficient power for most business needs. Its proximity to hundreds of new residences and convenient access to Quonset and Wickford add to its appeal. This is an ideal location for a business seeking expansion or a new venture looking to establish itself in a vibrant and growing community. The significant lot size offers potential for future development or expansion. This property is ready for immediate occupancy. Bring your vision and capitalize on this remarkable opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,920,242

  6.5%

  $4,541,762

  7%

  $4,217,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,665,934

  Geo Method

  $6,665,934

• Alternative Use

  Use

  Valuation

  Residential

  $3,831,146

  Hospitality

  $3,509,309

  Educational

  $2,919,704

  Medical

  $3,020,117

  Retail

  $4,541,762

Location Insight

City

North Kingstown

County

Washington

State

Rhode Island

Latitude

41.5914

Longitude

-71.4585

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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