Property summary
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
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Medical Clinic Hospital
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CD · South Kingstown, RIse 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CD in South Kingstown, RI.
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