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116 Main Street

South Kingstown, RI 02879
  • $1,050,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 1340496
UPDATED: 11 min ago
$1,050,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,548
    SQFT
  • $231
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Tremendous opportunity to own this versatile mixed- use building in downtown Wakefield. First floor vacant office is almost 2900 sf and is currently set up as a doctor's office with reception area and waiting rooms and office area. On the second floor there are 2 large 1- bedroom 1 bath residential apartments fully rented. This building has unlimited potential for medical, professional office or a multitude of commercial business and retail uses. The building/property can also be converted to 5 residential apartments or condos which is allowed under CD zoning. If you increase units to 6 to 12 unit's you will have to factor in a percentage of the rental's 25% affordable rents or affordable housing. A huge plus is the availability of parking with 18 spaces in its parking lot as well as street parking in front on Main Street.

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[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-10-02T07:37:33.52.
www.mercuriogroup.com/homes/141891168
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116 Main Street South Kingstown, RI 02879

  • Price: $1,050,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 11 min ago
  • MLS #: 1340496
0
Beds
0
Baths
0
½ Baths
0.03
Acres
4,548
SQFT
$231
$/SQFT
1900
Built
Neighborhood:
Downtown Wakefield
County:
Washington
Area:
South Kingstown
Property Description
Tremendous opportunity to own this versatile mixed- use building in downtown Wakefield. First floor vacant office is almost 2900 sf and is currently set up as a doctor's office with reception area and waiting rooms and office area. On the second floor there are 2 large 1- bedroom 1 bath residential apartments fully rented. This building has unlimited potential for medical, professional office or a multitude of commercial business and retail uses. The building/property can also be converted to 5 residential apartments or condos which is allowed under CD zoning. If you increase units to 6 to 12 unit's you will have to factor in a percentage of the rental's 25% affordable rents or affordable housing. A huge plus is the availability of parking with 18 spaces in its parking lot as well as street parking in front on Main Street.
Exterior Features

Construction Materials Frame Foundation Details CombinationConcreteperimeterStone Levels Two Lot Features Cornerlot Parking Total 20

Interior Features

Basement Partial Basement YN Yes Building Features Publicrestrooms Cooling Centralair Cooling YN Yes Heating CentralOther Heating YN Yes

Property Features

Association Amenities BusinesscenterPlaygroundRestaurantTrails Business Type Mixed Community Features BusinesscenterGolfHighwayaccessMarinaNearhospitalNearschoolsPlaygroundPublictransportationRecreationareaRestaurantShoppingTenniscourtsTrailspathsHightrafficlocationSidewalks Electric Item200AmpServiceCircuitBreakers Human Modified YN No Land Lease YN No New Construction YN No Possible Use MedicaldentalOfficeResidentialRetailMixeduse Property Sub Type Commercial Road Frontage Type Citystreet Road Surface Type AsphaltPaved Security Features FirealarmFireescapeSmokedetectors Sewer ConnectedPublicsewer Tax Annual Amount 6789 Tax Assessed Value 620250 Tax Lot 68 Tax Year 2022 Utilities ElectricityavailableFiberopticavailableMunicipalutilitiesPhoneavailableWaterconnectedSewerconnected Water Source ConnectedPublic Zoning Cd

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of Re/Max Flagship, Inc.: .



[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-10-02T07:37:33.52.
 
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