7354 Post RdNorth Kingstown, RI 02852

  • Other commercial real estate
  • 9,187 SF
For Sale
$1,400,000 View listing

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.

7354 Post Rd, North Kingstown, Rhode Island

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,700
$299,300
$726,500
$1,025,800
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