3769 Old Post Rd Charlestown, RI 02813
- Showrooms
- 8,400 SF
- 9.12 lot acres
Current Use by Public Records
- Abstract Insurance Inc / Auto Insurance Agency / Home Insurance Agency
- Energy Rejuvenation / Alternative Medicine Practitioner
- Liberty Advanced Integrative Care / Medical Clinic
- Charlestown Urgent Care / Urgent Care Center
- Gupta Rajesh MD / Doctor
Property Details for 3769 Old Post Rd
- Year built
- 1985
- Construction
- FRAME
- Lot size
- 9.12 lot acres
- Property size
- 8,400 SF
- Zone code
- TVD
- Property type
- Showrooms
- APN
- CHAR M:13 L:30
- APU
- CHARM13L30
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,110,000
- ML approach
- $1,105,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,420,000
- 6.5%
- $1,310,000
- 7%
- $1,215,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,351,000
- AI Estimate
- $925,000
Market price range: $947k - $2.56MMarket price range: $511k - $1.78M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,720,000 Current use
- OFFICE BUILDING
- $1,470,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Charlestown
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.6159
- Latitude
- 41.3919
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA