3769 Old Post Rd Charlestown, RI 02813
For Sale
1 / 4
This exceptional mixed-use property, Shoreline Plaza, presents a unique investment opportunity in Charlestown, Rhode Island. Located at 3769 Old Post Road, UNIT C, this 2640 square foot space is situated on a substantial 392,040 square foot lot and boasts a highly visible location on Old Post Road, offering direct and easy access to Route 1. The single-story, 1985-built building features multiple off-street parking spaces and two ADA-compliant entrances. Currently configured for medical use, with an Urgent Care Center and Primary Care Physician as tenants, the space is adaptable to various other uses. The property's professional landscaping enhances its curb appeal. The owner is willing to collaborate with tenants on customization and build-out to meet specific needs. This is a prime opportunity to capitalize on the growth in the area, further enhanced by the construction of a new adjacent plaza and the availability of additional new units. The asking price for this one-unit property is $15.50 million. This property is ideal for a variety of businesses seeking a high-visibility location with ample parking and easy highway access.
-
Abstract Insurance Inc Insurance Agency
-
Energy Rejuvenation Alternative Medicine Practice
-
Liberty Advanced Integrative Care Medical Clinic
-
Charlestown Urgent Care Medical Clinic
-
Gupta Rajesh MD Physician
Traditional Village District (TVD). This district is to encourage small-scale business and residential uses consistent with the historic and pedestrian-scale characteristics that exist and which are unique to Charlestown village, to preserve the Town's heritage, to strengthen the local economy, to continue small town character and aesthetics and to promote t…
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
TVD · Charlestown, RITraditional Village District (TVD). This district is to encourage small-scale business and residential uses consistent with the historic and pedestrian-scale characteristics that exist and which are unique to Charlestown village, to preserve the Town's heritage, to strengthen the local economy, to continue small town character and aesthetics and to promote the general welfare of the Town. The TVD regulations set forth herein are consistent with and further implement the Town of Charlestown Comprehensive Plan, dated 1991, and any amendments thereto. G. Overlay Districts. These districts include additional development criteria based upon unique characteristics or environmental features of an area. Along with the regulations of the underlying zoning district, uses permitted by right or by special use permit shall be subject to the regulations of the overlay districts. These overlay districts are as intended by the recommendations of the Town of Charlestown Comprehensive Plan 1991. H. Narragansett Indian Tribe Settlement Lands. This area is those lands within the Town of Charlestown which were acquired by the Narragansett Indian Tribe as Private and Public Settlements Lands under the provisions of the Rhode Island Indian Claims Settlement Act, 25 U.S.C. § 1701, et seq., and are held in trust by the United States of America for the Narragansett Indian Tribe, a federally recognized Indian Tribe. Other tribal land of the Narragansett Indian Tribe located within the Town of Charlestown, are not "Settlement Lands" as noted above. I. Planned Development Authorized. This Ordinance permits the creation of land development projects in which one or more lots are to be developed including, but not limited to, a planned development district and residential cluster subdivisions as provided for in following Sections of this Ordinance. The Planning Commission is empowered to apply such special conditions and stipulations to an application for such development as may, be required to maintain harmony with neighboring uses, mitigate potential impacts and promote the purposes of this Ordinance and the adopted Comprehensive Plan.
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.
