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Property profile & analytics
FOR SALE
Showrooms

2144 Matunuck Schoolhouse Rd Charlestown, RI 02813

1,695 SF 0.66 ac lot Built 1985
Trust Owned 11-yr Hold Free & Clear
Property ID
US76-0339307
Property summary
AI-generated overview

This exceptional Charlestown, Rhode Island commercial property presents a unique investment opportunity. Located at 2144 Matunuck Schoolhouse Road, this 0.66-acre lot encompasses a 1-story, 1695 square foot building with three units, situated in a high-traffic area approximately one mile from Charlestown Beach. The property boasts a variety of potential uses, including retail, office, and entertainment, reflecting its diverse zoning as C1 in a mixed-use area. The building features maintenance-free vinyl siding and recently refreshed exterior trim. Significant recent upgrades include a new roof (2012), water heater (November 2023), and holding tank (2021). A large parking lot accommodates ample customer or employee parking. The property also includes a professionally inspected and maintained 2000-gallon septic system. Membership to Charlestown by the Sea is an added benefit. The total lot size is 28,750 square feet, offering significant expansion potential or flexibility for various business ventures. This property is ideal for investors seeking a versatile commercial space in a prime Rhode Island location. Built in 1985, this building offers a blend of established infrastructure and significant upside potential. Serious inquiries only.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1985
Construction FRAME
Total area 1,695 SF
Lot 0.66 ac (28,750 SF)
Zoning code C1
APN CHAR M:11 L:72
UPID US76-0339307
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cuts ‘N’ Stuff Hair Stylists Hair Salon
  • SeaRobin Canvas Co (Bike/Boat/Book/etc) Store
  • Que Sera Ceramics General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k
Owner & transaction history
Rickel,jacqueline R Trust · 11 yrs held
Rickel,jacqueline R Trust
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
C1 · Charlestown, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial 1: C-1. This district is within or abuts village areas and neighboring areas that are predominately residential in character. It is intended to accommodate small convenience type groceries, shopping, offices, and frequently used local services with minimal impact on neighboring residential areas. It is further intended to implement the "Commercial…

Zone name Commercial 1
General category COMMERCIAL
Zone area 37.20 ac
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