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    597 County Rt. 2 Trl Exeter, RI 02822

    For Sale
    $269,000

    New Exeter, RI Commercial Condos

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial condominium opportunity in Exeter, Rhode Island, presents three brand-new buildings on a 94,525 square foot lot. The South Trail Commerce Center offers 15 individual units, with a few remaining for immediate or 30-day occupancy. Each 2,000 square foot (or side-by-side units available) unit is fully insulated and heated, featuring finished walls and ceilings, a private restroom, 200-amp electric service, and a 14' x 14' overhead door with an electric opener. These units are perfect for various uses, including contractor storage, distribution, business storage, or personal storage of automobiles, boats, RVs, and more. The property is ideally suited for businesses seeking well-appointed storage solutions. Bank financing with 10% down is available for qualified buyers. Monthly condo association fees range from $160 to $198, depending on unit size. Optional upgrades include loft/office space, central AC, backup generators, and custom floor finishes. Showings are available Monday through Saturday by appointment. Annual lease options are also available. The asking price for this exceptional investment opportunity is $269,000. The property is located at 597 South County (Rt. 2) Trail UNIT 202, Exeter, RI 02822. Built in 2024, this single-story complex offers a rare chance to acquire a piece of this thriving commercial market.

    Property Features for 597 County Rt. 2 Trl

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    2024
    Buildings
    3
    Stories
    1
    Units
    1

    HighLights

    • $269,000 asking price for a commercial condominium unit.
    • 94,525 square foot lot in Exeter, Rhode Island.
    • Three new buildings, one story each, built in 2024.
    • 2,000 square foot unit (additional units available), fully insulated, heated, finished walls and ceilings, private restroom, 200‑amp electric service, and a 14' x 14' overhead door with electric opener.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Exeter
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.5531264
    Latitude
    41.5244634

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - New Exeter, RI Commercial Condos
    Where is this individual retail property located?
    The property is located at 597 County Rt. 2 Trl Exeter, RI.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: $269,000 asking price for a commercial condominium unit.; 94,525 square foot lot in Exeter, Rhode Island.; Three new buildings, one story each, built in 2024.
    Request Owner's contact information
    597 County Rt. 2 Trl Exeter, RI 02822
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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
    597 County Rt. 2 Trl Exeter, RI 02822
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