10 Crossland StCharlestown, RI 02813

Property Details for 10 Crossland St

Lot size

0.92 AC

Zone code

C2

Property type

Commercial real estate

APN

CHAR M:20 L:17

APU

CHARM20L17

Description

This exceptional Charlestown, Rhode Island property at 10 Crossland Street presents a unique investment opportunity. The property encompasses a 40,075 square foot lot and features a single, two-story building totaling 2,500 square feet. The building's versatile design caters to a variety of commercial uses, including distribution, executive office space, and warehouse operations, as indicated by its C2 zoning. The structure includes a substantial 2400 square foot garage space, perfect for storage or industrial applications, complemented by a 100 square foot office area. Key features include convenient overhead doors, high ceilings, and ample parking with six spaces available. Its strategic location adjacent to Route 1 ensures excellent accessibility and visibility, making it an attractive proposition for businesses seeking a prominent presence in the Charlestown market. The property is offered as a single-tenant building, providing a streamlined ownership experience. This is a rare opportunity to acquire a well-situated commercial property with significant potential in a thriving Rhode Island community. The property's diverse zoning and adaptable layout offer considerable flexibility for a range of commercial enterprises. Don't miss this chance to secure a valuable asset in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,509,010

  6.5%

  $6,931,390

  7%

  $6,436,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,236,200

  Geo Method

  $5,236,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,646,300

  Retail / Commercial

  $6,997,760

  Mixed-Use / Specialty

  $6,972,820

  Hospitality / Lodging

  $5,115,730

  Office

  $6,931,390

  Institutional / Educational

  $7,248,920

  Residential Income

  $8,481,230

  Multifamily

  $10,171,900

  Automotive / Energy

  $6,213,360

  Parking / Income-Based Land

  $2,144,150

  Restaurant / Food Service

  $3,626,620

  Healthcare / Senior Housing

  $7,150,490

Location Insight

City

Charlestown

County

Washington

State

Rhode Island

Latitude

41.3866

Longitude

-71.6431

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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