Overview
- Updated On:
- September 13, 2024
Description
Great opportunity to own this 4 unit strip mall. Originally 5 units, the restaurant is occupying two, it is located on a 4 lane high-traffic road in beautiful North Kingstown just minutes from downtown Wickford.. The area boasts a booming strip of businesses, condos, homes and apartments. its Ideal commercial location on the corner of Post Rd and Camp St has a convenient traffic light for easy entrance and exit out of the 50+ paved parking lot. Current owner made significant upgrades to the property. All 4 units were completely renovated over the past few years. Upgrades include a new back roof, siding, restrooms, and more! Current tenants include a recently fully renovated restaurant, nail salon and dance studio. Town water, sewers and natural gas. Call for more information.
The Post Road district (PR) is established as a mixed use, economic development center
Address: 7354 Post Road
City: North Kingstown
State/County: Washington
Zip: 02852
Country: US
Open In Google Maps Property Id : 363042
Price: $ 1,400,000
Property Lot Size: 1 ft2
Association Fee: 0
Association Fee Frequency: Annually
Basement: Partial
Bridge Modification Timestamp: 2024-09-13T14:27:56.279Z
Building Area Total: 9500
Building Features: Restrooms,Sprinklers
Building Name: Quinlan Properties
Business Name: Quinlan Properties
Business Type: Accounting,Administrative and Support,Bar/Tavern/Lounge,Barber/Beauty,Beauty Service,Books/Cards/Stationary,Cabinets,Candy/Cookie,Carpet/Tile,Commercial,Computer,Dance Studio,Decorator,Dental,Fashion/Specialty,Financial,Fitness,Food & Beverage,Furniture,Gift Shop,Hardware,Health Services,Ice Cream/Frozen Yogurt,Jewelry,Liquor Store,Locksmith,Medical,Mixed,Museum/Gallery,Office,Office Supply,Printing,Professional/Office,Restaurant,Retail,Street Retail,Tavern/Bar/Nightclub,Upholstery
Cap Rate: 7
Community Features: Bus,Commuter Bus,Golf,Highway Access,Interstate,Marina,Railroad,Recreational Facilities,Restaurants,Schools,Shopping,Near Swimming,Tennis,Business Center,Community Building,Jogging Paths,Playground,Restaurant,Tennis Court(s)
Construction Materials: Frame,Masonry
Contract Status Change Date: 2024-07-15
Cooling: Central Air,Wall Unit(s)
Electric: 3 Phase,220 Volts
Existing Lease Type: Net
Foundation Details: Concrete Perimeter
Furnished: Unfurnished
Gas: Connected
Heating: Central Air,Forced Air,Gas Connected,Hot Air
Laundry Features: In Unit
List Agent Direct Phone: 401-447-4492
List Agent Email: doreen.picone@gmail.com
List Agent Full Name: Doreen Picone
Listing Contract Date: 2024-07-15
Listing Id: 1363746
Living Area Units: Square Feet
Lot Features: Corner,Paved,Free Standing,Strip Store
Lot Size Area: 34412
Lot Size Square Feet: 34412
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-09-13T14:23:45.053Z
Number Of Buildings: 1
Number of Units in Community: 4
Number of Units Total: 4
Occupant Type: Tenant
Original Entry Timestamp: 2024-07-15T13:41:48.127Z
Original List Price: 1400000
Owner Pays: Exterior Maintenance,Grounds Care,Roof Maintenance,Sewer,Snow Removal,Taxes
Ownership Type: LLC
Parking Total: 60
Possible Use: Commercial,Development,Investment,Medical/Dental,Mixed Use,Office,Other,Recreational,Retail,Mixed Use
Road Frontage Type: High Traffic,Municipal,Sidewalks
Road Surface Type: Black Tar,Blacktop
Security Features: Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System,Smoke Detector(s)
Sewer: Connected
State or Province: RI
Status Change Timestamp: 2024-07-15T13:41:48.127Z
Stories Total: 1
Street Name: Post
Street Number: 7354
Street Suffix: Road
Structure Type: Strip Center
Tax Annual Amount: 16170
Tax Year: 24
Utilities: 3-Phase Electric,Electricity Connected,Gas,Natural Gas Connected,Underground Utilities
Water Source: Connected,Public
Year Built: 1940
Years Current Owner: 3
Zoning: PR
Other Features
Ceiling Height: 9-12 Ft
Electrical Utility Available
Has Cooling System
Has Heating System
New Construction
$ 5,428.08
per month- Principal and Interest
- Property Tax
- HOA fee
$ 5,428.08
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