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    5407 Post Rd Charlestown, RI 02813

    Sponsored
    For Sale
    $975,000

    Prime RI Location, Restaurant Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Charlestown, Rhode Island property presents a unique investment opportunity encompassing 2,800 square feet of land zoned for mixed-use, retail, and restaurant purposes. The site includes a single building constructed in 1940, previously operating as the Lobster Pot Restaurant. This presents a chance to acquire a well-situated property with established commercial history, ideal for a variety of uses. The property is offered at $975,000 and allows for flexibility in lease terms and build-out options. A long-term lease of the existing building is available, either as-is or with build-to-suit options, allowing for customization to meet specific business needs. The lease price and terms are negotiable and will depend on the chosen path. Additionally, two recently renovated manufactured homes are available for lease on the property, offering a potential supplemental income stream with a 12-month lease at $1850 per month each. Located at 5407 Post Road in Charlestown, RI 02813, this property benefits from its prime location within Washington County, offering excellent visibility and accessibility. The 2,800 square foot lot provides ample space for development or expansion, making it an attractive proposition for both established businesses and new ventures seeking a foothold in a thriving Rhode Island community. This is a rare opportunity to acquire a versatile commercial property with significant potential for growth and profitability.

    Property Features for 5407 Post Rd

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1940
    Buildings
    1
    Units
    1

    HighLights

    • $975,000 asking price.
    • 2,800 sq ft lot.
    • Mixed‑use property (Land, Retail, Restaurant).
    • One building, built in 1940.
    • Located at 5407 Post Road, Charlestown, RI 02813.
    • Potential for long‑term lease of existing building (former restaurant and office) or build‑to‑suit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ocean View Motor ... Hotel

    Suggested Use

    Restaurant Realty agency Building Supply Clothing Store Gym & Fitness Hotel & Motel Department Store Storage Facility Electrical Service Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.6853421
    Latitude
    41.3640203

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    FAQs

    What type of property is this?
    Restaurant - Prime RI Location, Restaurant Potential
    Where is this restaurant located?
    The property is located at 5407 Post Rd Charlestown, RI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price.; 2,800 sq ft lot.; Mixed-use property (Land, Retail, Restaurant).
    Request Owner's contact information
    5407 Post Rd Charlestown, RI 02813
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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
    5407 Post Rd Charlestown, RI 02813
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