Individually Owned Property summary
The property is a 0.67-acre lot in Charlestown zoned for both commercial and residential use. It contains two existing structures: a former restaurant building at the front and a secondary building in the rear; both are in a condition that would require full renovation or demolition. The parcel is accessed via a private pull-off drive just off Route 1, and it is positioned within reach of local amenities including beaches, schools, dining, and shopping. The site supports the development of a custom residence, a seasonal retreat, or a live/work configuration, with potential to accommodate a home-based business in conjunction with new construction or redevelopment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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 o…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C3 · Charlestown, RICommercial 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 o…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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 o…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3 in Charlestown, RI.
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