238 Robinson St South Kingstown, RI 02879-3549
- Showrooms
- 6,643 SF
- 0.48 lot acres
Current Use by Public Records
- PST Senior Care Advocates / Senior Citizen Center
- Ocean Roads Realty LLC Marie Theriault, Broker/Owner / Real Estate Agency
- Ocean Roads Realty LLC / Real Estate Agency
Property Details for 238 Robinson St
- Year built
- 1936
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.48 lot acres
- Property size
- 6,643 SF
- Zone code
- CD
- Property type
- Showrooms
- APN
- SKIN P:057-4 L:000175
- APU
- SKINP0574L000175
Description
This exceptional 1936-built, two-story office building, formerly the United States Post Office, is situated on a substantial 20,909 square foot lot at 238 Robinson Street in the heart of South Kingstown, Rhode Island (zip code 02879). The Wakefield Professional Building offers a unique opportunity to acquire a landmark property. The building consists of executive suites, each providing a private office space, complemented by shared amenities including a reception area and a conference room. Ideal for professionals seeking a prestigious address, the building's central location ensures high visibility and easy accessibility. The monthly lease payments include all utilities except internet. This presents a rare chance to own a piece of South Kingstown's history, offering a blend of character and modern convenience. The asking price for this single-building property is $500,000. The building's prime location and attractive features make it an excellent investment opportunity. This is a turnkey operation, ready for immediate occupancy. The building's history and character add to its appeal, making it a desirable location for businesses seeking a unique and established presence in South Kingstown.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,120,000
- 6.5%
- $1,035,000
- 7%
- $960,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,029,000
- AI Estimate
- $670,000
Market price range: $751k - $1.68MMarket price range: $343k - $1.25M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,250,000 Current use
- OFFICE BUILDING
- $1,165,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- South Kingstown
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.498
- Latitude
- 41.4384
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA