Property profile

148 Main St South Kingstown, RI 02879

OFF-MARKET
Investment properties
Property ID
US76-0103972
0.46 ac lot
Entity Owned 4-yr Hold Absentee Owner
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Property summary

AI-generated overview

This exceptional commercial property at 148 Main Street, South Kingstown, RI 02879, presents a unique investment opportunity. The property consists of two buildings, built in 1867, situated on a substantial 20,240 square foot lot. The offering includes three newly renovated office suites, ideal for a variety of professional uses. Each suite is independently rentable, providing flexibility for single occupants or multiple tenants. The suites range in size from 125 square feet to 202 square feet, with monthly rental rates varying accordingly. The property boasts a shared common waiting area, enhancing convenience and professionalism. Located in the heart of Wakefield, this property offers unparalleled access to local businesses and amenities, situated within a thriving professional office environment. The property is categorized as Traditional Office, Commercial, Storefront, and Executive Office space, making it suitable for a diverse range of businesses. The asking price for the entire property is $40,000. This is a rare opportunity to acquire a well-located, versatile commercial property in a desirable Rhode Island town. The property's two-story design and central Main Street location provide excellent visibility and accessibility. This is an ideal investment for those seeking a strong return in a stable market.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.46 ac (20,038 SF)
Zoning code CD
APN SKIN P:057-1 L:000061
UPID US76-0103972

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Medical Clinic Hospital

Location

148 Main St South Kingstown, RI 02879-3666
South Kingstown metro Census 51202 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$915k

Owner & transaction history

since 2021
Last sale
$750,000
4 recorded transactions
2021
$750,000
2021
$575,000
2004
Price N/A
1996
Price N/A

Zoning & alternative use

CD · South Kingstown, RI
Zoning description

se Codes 12 and 12.1 15,000 for first 2 D.U.s + 5,000 per each add'l. D.U. 100 30% 35 15 25 20 10 30 10 10 3, 6, 8, 10, 12 All Other Permitted Principal Uses 10,000 70 25% 35 15 25 25 15 25 10 10 3, 6, 8 ZONING DISTRICT…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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