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    FOR SALE
    Commercial real estate

    5407 Post Rd, Charlestown, RI 02813

    12.2 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US76-0337864
    Property summary
    AI-generated overview

    This exceptional Charlestown, RI property at 5407 Post Road offers a unique investment opportunity. The site encompasses four buildings situated on a 2,600 square foot lot. The main focus is a former restaurant building, the Lobster Pot, suitable for lease as-is or with build-to-suit options. The lease terms and price are negotiable and will depend on the tenant's requirements and whether the property is leased in its current condition or renovated to meet specific needs. Additionally, there is an office building on the property, also available for lease. The property is a single-tenant offering, providing a cohesive and manageable space. Importantly, note that there are no on-site parking spaces. Separate from the main buildings, two newly renovated manufactured homes are available for lease at $1850 per month on a 12-month lease term. This presents a versatile opportunity for a variety of commercial uses, from restaurant operations to office space, potentially with additional income streams from the manufactured homes. The property's location in Charlestown, Rhode Island, offers access to local amenities and a strong community presence. Interested parties should inquire about lease terms and pricing to explore the possibilities of this multifaceted commercial property. The zip code is 02813.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 12.2 ac (531,432 SF)
    Zoning code C2
    APN CHAR M:15 L:29
    UPID US76-0337864
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ocean View Motor Inn Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    5407 Post Rd LLC · 3 yrs held
    5407 Post Rd LLC
    since 2023
    2 recorded transactions
    2023
    2023
    Zoning & alternative use
    C2 · Charlestown, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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