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515 Kingstown Rd

5,705 SF Retail Building South Kingstown, RI 02879 $3,189,307 CAD ($559 CAD/SF)

Restaurants Rhode Island South Kingstown 515 Kingstown Rd, South Kingstown, RI 02879

Investment Highlights

  • High Visibility
  • Development opportunity
  • Proximity to Route 1

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,705 SF
Building Class
C
Year Built
1970
Price
$3,189,307 CAD
Price Per SF
$559 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.35 AC
Zoning
CH
Parking
68 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
250 ft on Kingston Road

Amenities

  • Fenced Lot
  • Pylon Sign
  • Restaurant
  • Air Conditioning
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Nearby Major Retailers

Chase
Starbucks
Five Guys
Santander
D'Angelo
Citizens Bank
Bank of America
Planet Fitness
Shaw's
Anytime Fitness

PROPERTY TAXES

Parcel Number SKIN-005703-000000-000047 Improvements Assessment $987,856 CAD
Land Assessment $923,912 CAD Total Assessment $1,911,768 CAD

PROPERTY TAXES

Parcel Number
SKIN-005703-000000-000047
Land Assessment
$923,912 CAD
Improvements Assessment
$987,856 CAD
Total Assessment
$1,911,768 CAD
(401) 862-0164

Contacts

  • Listing ID: 33464863

  • Date on Market: 2024-10-09

  • Last Updated:

  • Address: 515 Kingstown Rd, South Kingstown, RI 02879

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515 Kingstown Rd
(401) 862-0164 x

515 Kingstown Rd

1/2

Mike Sweeney

(401) 862-0164

(401) 862-0164

Lisa Babbitt

(401) 848-6712

(401) 848-6712

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