590 Davisville RdNorth Kingstown, RI 02852

Property Details for 590 Davisville Rd

Year built

1740

Construction

FRAME

Lot size

0.38 AC

Property size (Sq ft)

2,550 SF

Zone code

GB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

NKIN M:151 B:123

APU

NKINM151B123

Description

This exceptional mixed-use property at 590 Davisville Road, North Kingstown, RI 02852 presents a unique investment opportunity. Situated on a substantial 23,097 square foot lot, this 1740-built property features two units within a single building and offers significant potential for various uses. The existing structure boasts approximately 2,550 square feet of usable space with an open floor plan, allowing for flexible configuration to suit diverse business needs. The property's versatility is further enhanced by the possibility of attic expansion, providing additional square footage for development. Imagine utilizing the lower level for commercial purposes and the upper level for residential rental income, or converting the entire space for either commercial or residential use – the choice is entirely yours. The property benefits from ample parking and excellent visibility, ensuring high traffic and accessibility. This "as-is" sale offers a chance to capitalize on the property's potential with no disclosures provided. The property is located in Washington County, Rhode Island, and offers a compelling blend of historical charm and modern development potential. This is an ideal opportunity for investors and developers seeking a versatile property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $421,591

  6.5%

  $389,161

  7%

  $361,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,183

  Geo Method

  $333,183

• Alternative Use

  Use

  Valuation

  Residential

  $482,560

  Hospitality

  $442,022

  Educational

  $367,757

  Medical

  $380,405

  Retail

  $572,067

Location Insight

City

North Kingstown

County

Washington

State

Rhode Island

Latitude

41.6142

Longitude

-71.4748

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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