161 Oak Hill Rd North Kingstown, RI 02852
This exceptional commercial property, located at 161 Oak Hill Road in North Kingstown, Rhode Island, presents a unique investment opportunity. The property encompasses a substantial 119,790 square foot lot and includes a single-story, 10,000 square foot building constructed in 1860. The building features a desirable clear-span design, perfect for various industrial or distribution uses, and includes a large overhead door for easy loading and unloading of goods. Its convenient location offers excellent highway access, streamlining transportation and logistics. The property is zoned for industrial use, providing flexibility for a range of business operations. This single-unit property is situated in Washington County, Rhode Island, with a zip code of 02852. The asking price for this versatile and strategically located property is $11 million. The property's size and features make it ideal for businesses seeking a substantial footprint in a well-connected location. This is a rare opportunity to acquire a significant industrial property in a desirable Rhode Island market. The property's age reflects its established presence, offering potential for renovation or repurposing to meet specific business needs. The expansive lot size also allows for future expansion or development.
The purpose of the general industrial district is to provide opportunities for a wide range of industrial activities. The intent is to concentrate industrial activities in areas where minimal infringement upon the character of established residential areas will result and where sanitary sewers and adequate transportation facilities are available or can be ma…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
GI · North Kingstown, RIThe purpose of the general industrial district is to provide opportunities for a wide range of industrial activities. The intent is to concentrate industrial activities in areas where minimal infringement upon the character of established residential areas will result and where sanitary sewers and adequate transportation facilities are available or can be made available.
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.