5670 Post Rd East Greenwich, RI 02818
- Showrooms
- 1,560 SF
- 0.17 lot acres
Current Use by Public Records
- Showrooms
Property Details for 5670 Post Rd
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.17 lot acres
- Property size
- 1,560 SF
- Zone code
- CH
- Property type
- Showrooms
- APN
- EGRE M:054 B:011 L:068 U:0000
- APU
- EGREM054B011L068U0000
Description
This exceptional commercial property, located at 5670 Post Road in East Greenwich, Rhode Island, presents a unique investment opportunity. The 1920-built, two-story office building sits on a 7,405 square foot lot and boasts over 1,500 square feet of bright, recently updated interior space. The building features a desirable blend of individual offices and open areas perfect for meetings or presentations. Twelve dedicated parking spaces provide ample convenience for employees and clients. Its prime location on Post Road, adjacent to Siena/Greenwich Plaza, ensures excellent visibility and accessibility. Currently utilized as an office, this versatile property is zoned for commercial use, offering a wide range of potential applications. The low-maintenance exterior and interior contribute to efficient operation and cost savings. While financial statements are unavailable due to owner-occupancy, this property offers a compelling opportunity to establish a strong East Greenwich presence. The asking price is $625,000. This is a rare chance to acquire a well-maintained, highly visible commercial building in a thriving Rhode Island location. The zip code is 02818.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $795,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $650,000
- 6.5%
- $640,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $595,000
- Geo Method
- $750,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $625,000
- Retail
- $615,000
- Mixed-Use
- $605,000
- Hospitality
- $580,000
- Educational
- $665,000
- Residential Income
- $625,000
- Energy
- $555,000
- Income-Based Land
- $625,000
- Food Service
- $675,000
Location Insight
- Map
- Local Demand
- City
- East Greenwich
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4678
- Latitude
- 41.6411
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA