3045 Tower Hill RdSouth Kingstown, RI 02874

Property Details for 3045 Tower Hill Rd

Year built

2006

Construction

STEEL FRAME

Lot size

0.92 AC

Property size (Sq ft)

10,010 SF

Zone code

CN

Property type

Showrooms

APN

SKIN P:018-3 L:000013

APU

SKINP0183L000013

Description

This exceptional 2,000-square-foot retail space is ideally situated at 3045 Tower Hill Road in South Kingstown, Rhode Island, within Washington County. The property offers a single-tenant occupancy, presenting a fantastic opportunity for a business seeking a prominent location. The entire 2,000 square feet is currently vacant and ready for immediate occupancy, allowing for complete customization to suit a tenant's specific needs and branding. The address boasts excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This property is perfect for a variety of retail businesses seeking a well-located, spacious, and adaptable commercial space. The building's size provides ample room for inventory, display areas, and customer service. Its single-tenant configuration offers privacy and control over the space. Located in the thriving community of South Kingstown, this retail space benefits from a strong local economy and a diverse customer base. The property's location in Washington County, Rhode Island, provides easy access to major transportation routes, further enhancing its appeal to businesses and customers alike. This is a rare opportunity to secure a prime retail location in a desirable area. The property is available for lease and offers a blank canvas for a new business venture. Interested parties are encouraged to inquire promptly. The zip code for this property is 02874.

• CAP approach

  CAP return

  Valuation

  6%

  $1,893,570

  6.5%

  $1,747,910

  7%

  $1,623,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,360,220

  Geo Method

  $1,360,220

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,408,600

  Mixed-Use / Specialty

  $1,741,680

  Hospitality / Lodging

  $1,277,820

  Office

  $1,731,330

  Institutional / Educational

  $1,810,650

  Residential Income

  $2,118,460

  Multifamily

  $2,540,760

  Automotive / Energy

  $1,551,980

  Parking / Income-Based Land

  $535,570

  Restaurant / Food Service

  $905,862

  Healthcare / Senior Housing

  $1,786,060

Location Insight

City

South Kingstown

County

Washington

State

Rhode Island

Latitude

41.4951

Longitude

-71.4572

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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