49-Unit Mixed-Use
New
For Sale
$4,000,000
215 Shady Lea Road, North Kingstown, RI 02852
Commercial/Business, North Kingstown, RI
Property SizeContact for details
Lot Size0.81 Acres
Days on Market4
Property Features for 215 Shady Lea Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PBD
Parking
20
Interior features
Ceiling Height (9 to 12 Ft)
Lot features
Local Historic District, Historic
Standard status
Active
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
23877
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1993
Floors in Building
2
Number of units
1
Building materials
Brick, Masonry
Listing Agency:
Real Broker, Llc
(855) 450-0442
Listed By:
Ellen Pacheco
(774) 259-7320
Added: Sep 8
Last Checked: Sep 11 at 1:06AM
MLS# 1422566
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a mill configured with 49 separately occupied units, each serving a different use. Current occupants include blown glass, a karate studio, a florist, and other businesses. Individual gas and electric meters serve the units. Brick and masonry construction, window-unit cooling, and ceiling heights ranging from 9 to 12 feet are part of the existing improvements.
The offering also includes a 698-square-foot bungalow built in 1960 and a two-family residence at 203 Shady Lea Road. That residence was built in 1880 and contains 1,959 square feet of living space. The property is located at 215 Shady Lea Road in North Kingstown, Rhode Island, and is zoned PBD.
The offering also includes a 698-square-foot bungalow built in 1960 and a two-family residence at 203 Shady Lea Road. That residence was built in 1880 and contains 1,959 square feet of living space. The property is located at 215 Shady Lea Road in North Kingstown, Rhode Island, and is zoned PBD.
Key Highlights
- 49 fully rented units with varied commercial uses
- Individual gas and electric meters for each unit
- Includes a 698 sq ft bungalow built in 1960
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 02852, RI
23,579
Population
10,589
Households
2.2
Avg Household Size
47
Median Age
49%
College-Educated
96%
High-School Grad
30.8 sq mi
ZIP Area
766
Density / Sq Mi
$112,457
Median Household Income
$60,020
Median Earnings
$1,188
Median Rent
$461,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines fully leased commercial units with individually metered gas and electric service.
Where is this mixed-use property located?
The property is located at 215 Shady Lea Road North Kingstown, RI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 49 fully rented units with varied commercial uses; Individual gas and electric meters for each unit; Includes a 698 sq ft bungalow built in 1960
