7354 Post RdNorth Kingstown, RI 02852
- Other commercial real estate
- 9,187 SF
Property Details for 7354 Post Rd
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 0.79 AC
- Property size (Sq ft)
- 9,187 SF
- Zone code
- PR
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- NKIN M:138 B:039
- APU
- NKINM138B039
Description
This exceptional investment opportunity presents a four-unit mixed-use commercial property situated on a prominent corner lot in North Kingstown, Rhode Island. The 34,412 square foot lot houses a single-story, 1940-built building featuring four renovated units. Currently occupied by a restaurant (occupying two units), a nail salon, and a dance studio, this property boasts a strong tenant base. Recent upgrades include a new back roof, siding, and restroom renovations, ensuring long-term value. The property benefits from a convenient location on Post Road and Camp Street, a high-traffic four-lane road with a traffic light providing easy access to the 50+ paved parking spaces. The thriving North Kingstown business district, minutes from downtown Wickford, offers a robust commercial environment with surrounding businesses, condos, homes, and apartments. The property is serviced by town water, sewer, and natural gas. This property offers a 7.00% cap rate and is priced at $1,400,000. The property's diverse tenant mix and prime location make it an ideal investment for a discerning buyer seeking strong returns and long-term growth potential. The Post Road district is designated as a mixed-use economic development center.
Location Insight
- City
- North Kingstown
- County
- Washington
- State
- Rhode Island
- Latitude
- 41.5976
- Longitude
- -71.4548
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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