400 Frenchtown Rd East Greenwich, RI 02818

Property Details for 400 Frenchtown Rd

Year built

2004

Construction

STEEL FRAME

Lot size

5.24 lot acres

Property size

20,000 SF

Zone code

M/LI

Property type

Showrooms

APN

EGRE M:030 B:017 L:009 U:0000

APU

EGREM030B017L009U0000

Description

This exceptional Class A office building, located at 400 Frenchtown Road in East Greenwich, Rhode Island, presents a compelling investment opportunity. The property boasts a substantial 20,000 square feet of space, currently fully leased to two tenants. One tenant is a national credit tenant, and the anchor tenant operates three locations globally, providing strong financial stability and predictable income streams. The building sits on a generous 6.13-acre lot, offering ample parking with 38 designated spaces and excellent truck circulation. Logistics are streamlined with four tailboard docks and two drive-in doors. The interior features a desirable 17'-18' clear height, and the two units are fully separated for utility independence. The property is zoned M/LI and offers a compelling 6.92% capitalization rate, generating a Net Operating Income (NOI) of $145,251.25. The asking price is $2,100,000. This presents a rare opportunity to acquire a high-quality, fully leased office building in a desirable Rhode Island location with significant upside potential. The property's strong tenant base, ample parking, and efficient layout make it an ideal investment for discerning buyers seeking stable returns and long-term growth. The strategic location in Kent County, with easy access to major transportation routes, further enhances its appeal.

Location Insight

City

East Greenwich

County

Kent

State

Rhode Island

Longitude

-71.4823

Latitude

41.6277

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments