6840 Post RdNorth Kingstown, RI 02852

Property Details for 6840 Post Rd

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.98 AC

Property size (Sq ft)

3,847 SF

Zone code

PR

Property type

Showrooms

APN

NKIN M:146 B:086

APU

NKINM146B086

Description

This exceptional redevelopment opportunity presents a vacant, two-story storefront building situated on a 0.98-acre lot in North Kingstown, Rhode Island. Located at 6840 Post Rd, 02852, this property offers 4,788 square feet of net rentable space, priced at $182.75 per square foot, for a total asking price of $875,000. The building, constructed in 1960 and renovated in 1993, is classified as Class D and currently sits vacant. Its previous use was automotive-related, making it ideally suited for a variety of retail ventures. The zoning designation is PR, providing flexibility for potential uses. The property's ample lot size and prominent location on Post Road offer significant visibility and accessibility for businesses. This owner/user investment presents a unique chance to acquire a substantial retail space in a desirable location, ripe for revitalization and tailored to meet the needs of a new owner. The single-unit building offers a blank canvas for creative redevelopment, perfect for retail auto businesses, fast food establishments, or other storefront operations. This is a rare chance to acquire a significant property in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $934,955

  6.5%

  $863,036

  7%

  $801,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,266,676

  Geo Method

  $1,266,676

• Alternative Use

  Use

  Valuation

  Residential

  $728,003

  Hospitality

  $666,847

  Educational

  $554,809

  Medical

  $573,889

  Retail

  $863,036

Location Insight

City

North Kingstown

County

Washington

State

Rhode Island

Latitude

41.6117

Longitude

-71.4567

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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