515 Kingstown Rd
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515 Kingstown Rd
5,705 SF Retail Building South Kingstown, RI 02879 $2,250,000 ($394/SF)
Investment Highlights
- High Visibility
- Development opportunity
- Proximity to Route 1
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,705 SF
Building Class
C
Year Built
1970
Price
$2,250,000
Price Per SF
$394
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.35 AC
Zoning
CH - Highway commercial
Parking
68 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
250 FT on Kingston Road
Amenities
- Fenced Lot
- Pylon Sign
- Restaurant
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | SKIN-005703-000000-000047 | Improvements Assessment | $706,000 |
| Land Assessment | $660,300 | Total Assessment | $1,366,300 |
PROPERTY TAXES
Parcel Number
SKIN-005703-000000-000047
Land Assessment
$660,300
Improvements Assessment
$706,000
Total Assessment
$1,366,300
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515 Kingstown Rd
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