597 County Rt. 2 Trl, Exeter, RI 02822
This exceptional 1,000 sq ft commercial garage condominium, located at 597 South County (Rt. 2) Trail Unit 104, Exeter, RI, is part of the South Trail Commerce Center's Phase I development. Boasting a prime location on a 2.17-acre lot, this unit offers a secure and stylish space ideal for various uses, including contractor trades, commercial businesses, showrooms, warehousing, and distribution. The unit features fully insulated walls and ceilings, a finished interior, a private restroom, 200-amp electric service, and a 14' x 14' overhead door with an electric opener. Perfect for storing automobiles, boats, RVs, and more, this unit provides ample space and functionality. Immediate or 30-day occupancy is available. Monthly condo association fees are $160, encompassing building insurance, exterior maintenance, snow removal, and more. Bank financing is an option. Real estate taxes are estimated at $2,750 annually. Optional upgrades include loft/office space, central AC, backup generators, and custom floor finishes. A larger 2,000 sq ft unit is also available. Phase II construction is planned for late 2025. One unit is currently available for annual lease. Showings are by appointment only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.