320 Phillips StNorth Kingstown, RI 02852

Property Details for 320 Phillips St

Year built

1988

Property size (Sq ft)

1,122 SF

Zone code

GB

Property type

Office properties

APN

NKIN M:092 B:235

APU

NKINM092B235

Description

This exceptional 1300 square foot office space, located at 320 Phillips Street UNIT 202 in North Kingstown, Rhode Island, presents a unique investment opportunity. Situated in a well-established professional building, this second-story office is bright and modern, offering a highly desirable workspace. The space includes a large private office with its own half bath, a dedicated conference room, a spacious multi-desk area perfect for collaborative work, a convenient kitchenette, an additional half bath, and a large reception area with waiting room and ample storage. The building itself is professionally managed and features convenient amenities such as a ramp, an elevator, and a generously sized parking lot with 50 spaces. Its prime location offers easy access to nearby towns including East Greenwich, Providence, Newport, and Jamestown, making it an ideal location for businesses seeking convenient access to major transportation routes and a thriving community. The property, built in 1988, consists of one building with two stories and is situated in Washington County, zip code 02852. The asking price is $159,000. This property is perfect for a variety of uses, including medical, executive, or general office space. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $237,742

  6.5%

  $219,455

  7%

  $203,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,601

  Geo Method

  $146,601

• Alternative Use

  Use

  Valuation

  Residential Income

  $272,124

  Hospitality / Lodging

  $249,264

  Institutional / Educational

  $207,385

  Healthcare / Senior Housing

  $214,517

  Retail / Commercial

  $322,598

Location Insight

City

North Kingstown

County

Washington

State

Rhode Island

Latitude

41.5657

Longitude

-71.463

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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