238 Robinson StSouth Kingstown, RI 02879

Property Details for 238 Robinson St

Year built

1936

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.48 AC

Property size (Sq ft)

6,643 SF

Zone code

CD

Property type

Other commercial real estate

Property subtype

Showrooms

APN

SKIN P:057-4 L:000175

APU

SKINP0574L000175

Description

This exceptional 1936-built, two-story office building, formerly the United States Post Office, is situated on a substantial 20,909 square foot lot at 238 Robinson Street in the heart of South Kingstown, Rhode Island (zip code 02879). The Wakefield Professional Building offers a unique opportunity to acquire a landmark property. The building consists of executive suites, each providing a private office space, complemented by shared amenities including a reception area and a conference room. Ideal for professionals seeking a prestigious address, the building's central location ensures high visibility and easy accessibility. The monthly lease payments include all utilities except internet. This presents a rare chance to own a piece of South Kingstown's history, offering a blend of character and modern convenience. The asking price for this single-building property is $500,000. The building's prime location and attractive features make it an excellent investment opportunity. This is a turnkey operation, ready for immediate occupancy. The building's history and character add to its appeal, making it a desirable location for businesses seeking a unique and established presence in South Kingstown.

• CAP approach

  CAP return

  Valuation

  6%

  $1,614,481

  6.5%

  $1,490,290

  7%

  $1,383,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,187,296

  Geo Method

  $2,187,296

• Alternative Use

  Use

  Valuation

  Residential

  $1,257,115

  Hospitality

  $1,151,511

  Educational

  $958,044

  Medical

  $990,992

  Retail

  $1,490,290

Location Insight

City

South Kingstown

County

Washington

State

Rhode Island

Latitude

41.4384

Longitude

-71.498

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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