2195 Matunuck Schoolhouse Rd Charlestown, RI 02813
Commercial 2: C-2. This district is intended to concentrate larger retail and service businesses serving the needs of regions of the Town. It is intended to prevent an unsafe mixture of commercial uses and eliminate potential impacts on residential uses. It is further intended to implement the "Commercial 2" proposed future land use category of the Town of C…
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
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Property description
Physical attributes from public recordsZoning & alternative use
C2 · Charlestown, RICommercial 2: C-2. This district is intended to concentrate larger retail and service businesses serving the needs of regions of the Town. It is intended to prevent an unsafe mixture of commercial uses and eliminate potential impacts on residential uses. It is further intended to implement the "Commercial 2" proposed future land use category of the Town of Charlestown Comprehensive Plan 1991. It is intended for various retail, office, and service businesses that generate higher volumes of vehicular traffic and dependent upon frequent deliveries and, therefore, need access to major roads to accomplish minimal impacts on residential areas. The minimum lot size is 20,000 square feet. (c) Commercial 3: C-3. This district is intended only for areas abutting the highway known as "US Route 1." These areas are intended to be primarily vehicle oriented because of their location on a major highway. The intent of the district is to provide multiple retail, office, and service businesses that serve large volumes of traffic conveniently. It is further intended to implement the "Commercial 3" proposed future land use category of the Town of Charlestown Comprehensive Plan 1991. The intent of this district is to regulate existing and new traffic flow to prevent further traffic problems from occurring while allowing business development in the Town without impact to surrounding properties. It is also intended to serve regional, community, and local needs while respecting adjacent residential neighborhoods and other established commercial areas. The minimum lot size is 40,000 square feet. (3) Other Standard Districts: (a) Planned Development District: PDD. This district is proposed for only two areas of town. One is a parcel of land west of Route 112 and abutting the Pawcatuck River and the other is a portion of land located between Route 1 and Route 1A, Old Post Road. The district is intended to protect environmentally sensitive areas, groundwater recharge and aquifers and regulate open space, density and aesthetics. The RI CRMC SAM Plan land use classification for water quality protection category of "Undeveloped Lands Zoned for High Density Development" is included in this district for the land south of Route 1. The purposes of the district are to allow for a flexible mixture of uses and amenities with performance standards while allowing the Town site plan review in the planning of a large parcel. It is further intended to implement the "planned development" proposed future land use category of the Town of Charlestown Comprehensive Plan 1991. (b) Industrial: I.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.