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    5407 Post Rd Post Rd Charlestown, RI 02813

    Sponsored
    For Sale
    $2,495,000

    Prime RI Location, 28 Rooms, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Charlestown, Rhode Island property presents a unique investment opportunity. The 45,000 square foot lot houses a two-story, 28-room motel and restaurant, offering significant potential for growth and redevelopment. Built in 1954, the single-building property is currently undergoing a subdivision from a larger parcel, creating a standalone investment. The motel's spacious rooms provide ample guest accommodation, complemented by extensive on-site parking. Its location at 5407 Post Road in Charlestown, RI, places it in a highly desirable area with strong potential for increased revenue. Detailed renovation plans are available upon request for qualified buyers. This versatile property is ideal for an investor seeking a profitable venture in a sought-after Rhode Island location. The asking price is $2,495,000. Serious inquiries only. Further information regarding the property's current operational status and financial performance will be provided to qualified buyers under a non-disclosure agreement. Don't miss this chance to acquire a thriving business in a prime location.

    Property Features for 5407 Post Rd Post Rd

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1954
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $2,495,000 asking price.
    • 1‑unit, 2‑story commercial motel/restaurant on 45,000 SF lot.
    • Built in 1954, located at 5407 Post Road, Charlestown, RI 02813.
    • 28‑room motel with ample parking.
    • Renovation plans available to qualified buyers.
    • Property currently being subdivided.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    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, 28 Rooms, High Potential
    Where is this restaurant located?
    The property is located at 5407 Post Rd Post Rd Charlestown, RI.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: $2,495,000 asking price.; 1-unit, 2-story commercial motel/restaurant on 45,000 SF lot.; Built in 1954, located at 5407 Post Road, Charlestown, RI 02813.
    Request Owner's contact information
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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 Post Rd Charlestown, RI 02813
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