Mixed-Use Mill
New
For Sale
$4,000,000
215 Shady Lea Road, North Kingstown, RI 02852
Multi-unit property with separately metered spaces and additional residential buildings.
Property SizeContact for details
Lot Size12.72 Acres
Days on Market7
Property Features for 215 Shady Lea Road
General Information
Standard status
Active
Lot size
12.72 Acres
Property subtype
Business
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1993
Buildings
3
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Ellen Pacheco · License #RES.0046118
(774) 259-7320
Source:
Lockandkeyre
Added: Sep 8
Changed: Sep 14
Last Checked: Sep 14 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes a mill occupying 12.72 acres with 49 rental units, all reported fully leased. The spaces support a range of occupants and activities, including blown glass production, a karate studio, and a florist. Each unit has its own gas and electric meter, providing separate utility measurement across the property.
The offering also includes a 698-square-foot bungalow constructed in 1960 and a two-family residence at 203 Shady Lea Road. That residence was constructed in 1880 and contains 1,959 square feet of living space. Together, the mill and supplemental residential improvements create a multi-building property with commercial and residential components.
The offering also includes a 698-square-foot bungalow constructed in 1960 and a two-family residence at 203 Shady Lea Road. That residence was constructed in 1880 and contains 1,959 square feet of living space. Together, the mill and supplemental residential improvements create a multi-building property with commercial and residential components.
Key Highlights
- 12.72‑acre mixed‑use mill property
- 49 rental units reported fully leased
- Individual gas and electric meters for all units
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
47
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-unit property with separately metered spaces and additional residential buildings.
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: 12.72‑acre mixed‑use mill property; 49 rental units reported fully leased; Individual gas and electric meters for all units
