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    27 High St New Shoreham, RI 02807

    For Sale
    $44,000

    High Street Retail/Office Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This unique three-story, 5,227 sq ft property at 27 High Street, Unit 3, Block Island, RI 02807, is a versatile commercial space built in 2003. Located just outside of town, this single-building property offers ample space with a welcoming front porch and substantial storage. Previously used as a pharmacy, general store, and art gallery, it's adaptable to various businesses. The interior, while requiring some repairs and outfitting to be completed by the condo association, is filled with natural light. The 1,380 sq ft space presents an excellent opportunity for a business owner seeking a blend of commercial and residential potential. The property includes a full bath. This exceptional opportunity is priced at $44,000. The lot size is 5,227 square feet. The property is located in Washington County, Rhode Island.

    Property Features for 27 High St

    General Information

    Property type
    Amusement parks

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    3

    HighLights

    • $44,000 asking price.
    • Multi‑use commercial property encompassing 5,227 square feet of land.
    • Three‑story building (2003 construction) with one building totaling 1,380 square feet.
    • Located at 27 High Street UNIT 3, Block Island, RI 02807.
    • Suitable for various commercial uses, including retail, office, and potentially mixed‑use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amusement parks

    Map

    City
    New Shoreham
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.558527
    Latitude
    41.1708913

    Nearby Comparable

    • $3,775,000
      3,859 SF

      Block Island Mixed-Use Investment Opportunity

      Prime commercial and residential property in downtown Block Island, RI.
      442 Dodge St, Block Island, RI 02807
      View Details
    • $2,400,000
      2,088 SF

      Mixed-Use Property in Desirable Location

      Mixed-use property with flexible commercial space and residential unit.
      454 Ocean Ave, Block Island, RI 02807
      View Details

    Nearby Similar for Sale

    • $3,775,000
      3,859 SF

      Block Island Mixed-Use Investment Opportunity

      Prime commercial and residential property in downtown Block Island, RI.
      442 Dodge St, Block Island, RI 02807
      View Details
    • $2,400,000
      2,088 SF

      Mixed-Use Property in Desirable Location

      Mixed-use property with flexible commercial space and residential unit.
      454 Ocean Ave, Block Island, RI 02807
      View Details

    FAQs

    What type of property is this?
    Amusement park - High Street Retail/Office Space
    Where is this amusement park located?
    The property is located at 27 High St New Shoreham, RI.
    What is the asking price?
    The asking price for this property is $44,000.
    What are key features of this property?
    This property features: $44,000 asking price.; Multi-use commercial property encompassing 5,227 square feet of land.; Three-story building (2003 construction) with one building totaling 1,380 square feet.
    Request Owner's contact information
    27 High St New Shoreham, RI 02807
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    New Shoreham, RI 02807
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27 High St New Shoreham, RI 02807
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