148 Main St, South Kingstown, RI 02879-3666
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CD · South Kingstown, RISouth Kingstown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.