1000 Division StEast Greenwich, RI 02818

Property Details for 1000 Division St

Lot size

19.60 AC

Zone code

CH

Property type

Commercial real estate

APN

EGRE M:081 B:010 L:006 U:0000

APU

EGREM081B010L006U0000

Description

East Greenwich Square presents a prime retail investment opportunity in a thriving Rhode Island community. This 158,918 square foot, multi-tenant shopping center is strategically located in East Greenwich, a suburb approximately 15 miles south of Providence. The center boasts a strong anchor tenant, Dave's Fresh Marketplace, whose flagship store serves as a significant draw for shoppers. Currently, there is 4,909 square feet of vacant space available, presenting a unique chance for a new business to establish itself within this bustling center. The available space totals 4,700 square feet, ideal for a restaurant or similar establishment. The property's location within a well-established neighborhood shopping center ensures high visibility and convenient access for customers. The overall center's success, anchored by a major grocery store, provides a stable and attractive environment for potential tenants. This is an exceptional opportunity to secure a space in a thriving retail environment with significant foot traffic and strong community presence. The Kent County location offers easy access to major roadways and a dense residential population. Don't miss this chance to become part of a successful and established retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $159,975,000

  6.5%

  $147,670,000

  7%

  $137,122,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $111,554,000

  Geo Method

  $111,554,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $290,727,000

  Retail / Commercial

  $149,084,000

  Mixed-Use / Specialty

  $148,552,000

  Hospitality / Lodging

  $108,988,000

  Office

  $147,670,000

  Institutional / Educational

  $154,434,000

  Residential Income

  $180,688,000

  Multifamily

  $216,708,000

  Automotive / Energy

  $132,372,000

  Parking / Income-Based Land

  $45,680,000

  Restaurant / Food Service

  $77,263,100

  Healthcare / Senior Housing

  $152,337,000

Location Insight

City

East Greenwich

County

Kent

State

Rhode Island

Latitude

41.6612

Longitude

-71.4958

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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