3769 Old Post RdCharlestown, RI 02813

Property Details for 3769 Old Post Rd

Year built

1985

Construction

FRAME

Lot size

9.12 AC

Property size (Sq ft)

8,400 SF

Zone code

TVD

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CHAR M:13 L:30

APU

CHARM13L30

Description

This exceptional mixed-use property, Shoreline Plaza, presents a unique investment opportunity in Charlestown, Rhode Island. Located at 3769 Old Post Road, UNIT C, this 2640 square foot space is situated on a substantial 392,040 square foot lot and boasts a highly visible location on Old Post Road, offering direct and easy access to Route 1. The single-story, 1985-built building features multiple off-street parking spaces and two ADA-compliant entrances. Currently configured for medical use, with an Urgent Care Center and Primary Care Physician as tenants, the space is adaptable to various other uses. The property's professional landscaping enhances its curb appeal. The owner is willing to collaborate with tenants on customization and build-out to meet specific needs. This is a prime opportunity to capitalize on the growth in the area, further enhanced by the construction of a new adjacent plaza and the availability of additional new units. The asking price for this one-unit property is $15.50 million. This property is ideal for a variety of businesses seeking a high-visibility location with ample parking and easy highway access.

• CAP approach

  CAP return

  Valuation

  6%

  $2,041,493

  6.5%

  $1,884,455

  7%

  $1,749,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,765,811

  Geo Method

  $2,765,811

• Alternative Use

  Use

  Valuation

  Residential

  $1,589,608

  Hospitality

  $1,456,073

  Educational

  $1,211,436

  Medical

  $1,253,099

  Retail

  $1,884,455

Location Insight

City

Charlestown

County

Washington

State

Rhode Island

Latitude

41.3919

Longitude

-71.6159

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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