Overview
- Updated On:
- October 20, 2024
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.
Address: 515 Kingstown Road
City: South Kingstown
Area: Wakefield
State/County: Washington
Zip: 02879
Country: US
Open In Google Maps Property Id : 434644
Price: $ 2,250,000
Property Lot Size: 1 ft2
Basement: None
Bridge Modification Timestamp: 2024-10-20T04:36:29.269Z
Building Area Total: 5700
Building Features: Restrooms
Business Type: Restaurant
Construction Materials: Frame
Contract Status Change Date: 2024-10-09
Electric: 200 Amps
Existing Lease Type: NNN
Lease Expiration: 2029-06-24
List Agent Direct Phone: 401-862-0164
List Agent Email: msweeney@gustavewhite.com
List Agent Full Name: Mike Sweeney
Listing Contract Date: 2024-10-09
Listing Id: 1369642
Living Area Units: Square Feet
Lot Features: Downtown
Lot Size Area: 59677
Lot Size Square Feet: 59677
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-10-20T04:32:06.080Z
Number Of Buildings: 1
Number of Units in Community: 1
Number of Units Leased: 1
Number of Units Total: 1
Occupant Type: Tenant
Original Entry Timestamp: 2024-10-09T21:12:24.917Z
Original List Price: 2250000
Owner Pays: None
Parking Total: 68
Possible Use: Development,Investment,Medical/Dental,Office,Food Service
Road Frontage Type: High Traffic,Municipal
Sewer: Septic Tank
State or Province: RI
Status Change Timestamp: 2024-10-09T21:12:24.917Z
Street Name: Kingstown
Street Number: 515
Street Suffix: Road
Tax Annual Amount: 15097
Tax Year: 2024
Water Source: Connected
Year Built: 1970
Years Current Owner: 5
Zoning: CH
Other Features
Ceiling Height: 9-12 Ft
$ 8,723.70
per month- Principal and Interest
- Property Tax
- HOA fee
$ 8,723.70
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