Prime location. This 1.37 acre commercially zoned parcel offers great visibility and parking for 68. Sited just off Route 1, the 5700sf building is currently used as a Mexican Restaurant with a 5 year, triple net lease. Great investment opportunity or plan for redevelopment while maintaining a good cap rate with current lease. Call for further details. *BUSINESS NOT FOR SALE, REAL ESTATE ONLY.
Listing Provided Courtesy of Gustave White Sotheby’s Realty
Property Details
Price:
$2,250,000
MLS #:
1369642
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
515 Kingstown Road
Type:
Commercial
Subtype:
Commercial Sale
Subdivision:
Wakefield
City:
South Kingstown
Listed Date:
Oct 9, 2024
State:
RI
Finished Sq Ft:
5,700
Total Sq Ft:
5,700
ZIP:
02879
Lot Size:
59,677 sqft / 1.37 acres (approx)
Year Built:
1970
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Schools
Interior
Exterior
Construction Materials
Frame
Parking Spots
68
Financial
Tax Year
2024
Taxes
$15,097
Map
Community
- Address515 Kingstown Road South Kingstown RI
- SubdivisionWakefield
- CitySouth Kingstown
- CountyWashington
- Zip Code02879
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