24 Salt Pond RdSouth Kingstown, RI 02879

Property Details for 24 Salt Pond Rd

Year built

1984

Property size (Sq ft)

976 SF

Property type

Office properties

Property subtype

Other office properties

APN

SKIN P:064-1 L:015-02

APU

SKINP0641L01502

Description

This exceptional 425-square-foot office condo, located at 24 Salt Pond Road, Unit A5, presents a unique opportunity for a single tenant. Situated at garden level, this inviting space boasts a thoughtfully designed layout, perfect for a variety of professional uses. The unit features a welcoming reception area, ideal for greeting clients and visitors. Ample storage is provided by a large storage room and a convenient storage closet, ensuring efficient organization. The expansive main office space is bathed in natural light from a wall of windows overlooking a serene garden courtyard, creating a peaceful and productive work environment. The property is part of a six-building complex offering a total of ten parking spaces for the convenience of tenants and their clients. The monthly rent is $650. This is a single-tenant occupancy in a traditional office building, specifically categorized as a specialty services space. The property is classified as both retail and office space, though the current configuration is best suited for office use. The lot size is not specified. This is a rare opportunity to secure a well-appointed, tranquil office space in a desirable location. The combination of natural light, ample storage, and a peaceful garden view makes this an ideal setting for a professional business. Don't miss this chance to establish your business in this attractive and functional space.

• CAP approach

  CAP return

  Valuation

  6%

  $161,362

  6.5%

  $148,950

  7%

  $138,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $127,524

  Geo Method

  $127,524

• Alternative Use

  Use

  Valuation

  Residential

  $184,697

  Hospitality

  $169,182

  Educational

  $140,757

  Medical

  $145,598

  Retail

  $218,956

Location Insight

City

South Kingstown

County

Washington

State

Rhode Island

Latitude

41.4321

Longitude

-71.4917

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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