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515 Kingstown Road

South Kingstown, RI 02879
  • $2,250,000
  • STATUS: Active
  • MLS #: 1369642
UPDATED: 38 min ago
$2,250,000
  • 0
    BEDS
  • 1.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,700
    SQFT
  • $395
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:

School Ratings & Info

Description

Prime location. This 1.37 acre commercially zoned parcel offers great visibility and parking for 68. Sited just off Route 1, the 5700sf building is currently used as a Mexican Restaurant with a 5 year, triple net lease. Great investment opportunity or plan for redevelopment while maintaining a good cap rate with current lease. Call for further details. *BUSINESS NOT FOR SALE, REAL ESTATE ONLY.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Lila Delman Compass are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Lila Delman Compass. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-01T14:37:47.663.
www.welchmanrealestate.com/homes/156555271
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515 Kingstown Road South Kingstown, RI 02879

  • Price: $2,250,000
  • Status: Active
  • On Site: Days
  • Updated: 38 min ago
  • MLS #: 1369642
0
Beds
0
Baths
0
½ Baths
1.37
Acres
5,700
SQFT
$395
$/SQFT
1970
Built
Neighborhood:
Wakefield
County:
Washington
Area:
South Kingstown
Property Description
Prime location. This 1.37 acre commercially zoned parcel offers great visibility and parking for 68. Sited just off Route 1, the 5700sf building is currently used as a Mexican Restaurant with a 5 year, triple net lease. Great investment opportunity or plan for redevelopment while maintaining a good cap rate with current lease. Call for further details. *BUSINESS NOT FOR SALE, REAL ESTATE ONLY.
Exterior Features

Construction Materials Frame Parking Total 68

Interior Features

Basement None Basement YN No Building Features Public Restrooms

Property Features

Business Type Restaurant Community Features High Traffic Location Electric 200+ Amp Service Human Modified YN No Land Lease YN No Lease Considered YN No New Construction YN No Owner Pays None Possible Use Development Investment Medical / Dental Office Property Sub Type Commercial Road Frontage Type City Street Sewer Septic Tank Tax Annual Amount 15097 Tax Assessed Value 1366300 Tax Lot 47 Tax Year 2024 Tenant Pays All Utilities Water Source Connected Zoning CH

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Gustave White Sotheby's Realty: 401-849-3000.



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Lila Delman Compass are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Lila Delman Compass. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-01T14:37:47.663.
 
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Welchman Real Estate Group | Lila Delman Compass
29 Meetinghouse Lane
Little Compton RI, 02837