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7354 Post Road

North Kingstown, RI 02852
  • $1,400,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 1319884
UPDATED: 79 min ago
$1,400,000
  • 0
    BEDS
  • 0.79
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,350
    SQFT
  • $150
    $/SQFT
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

7354 Post Road is a 9,000sf+ plaza located on an immensely high-traffic and booming strip of Post Road in North Kingstown. Situated on the corner of Camp Ave and Post Road, the .79acre lot of 7354 Post Road offers a traffic light, underground utilities, Town sewers, natural gas, city water and approximately 60 parking spots. Currently used as a 4-unit rental property: (2) 725sf units ($695/mo & $845/mo), (1) 1400sf unit ($2000/mo) and (1) approximately 6500sf restaurant ($5300/mo) with roughly 250 seats. Restaurant lease is in effect until 10/31/2024. Current market rents ($8840/mo) are below market rents - over $10,000 per month can be easily obtained. This building was previously a 5-unit plaza - with 4 rental units plus the restaurant. The 4th unit was added to the restaurant footprint. GREAT OPPORTUNITY for a restaurant owner occupant to capitalize on this booming area of the state. 7354 Post Road sits directly across the street from Reynolds Farm (220 apartments, 80 senior apartments, 41 condominiums, 200 single-family homes and 20,000sf of commercial space). CALL for more information and a private showing.

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© 2022 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: 2022-10-04T07:37:40.687.
www.mercuriogroup.com/homes/133015733
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7354 Post Road North Kingstown, RI 02852

  • Price: $1,400,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 79 min ago
  • MLS #: 1319884
0
Beds
0
Baths
0
½ Baths
0.79
Acres
9,350
SQFT
$150
$/SQFT
1940
Built
Neighborhood:
Post Road District (Pr Zoning)
County:
Washington
Area:
North Kingstown
Property Description
7354 Post Road is a 9,000sf+ plaza located on an immensely high-traffic and booming strip of Post Road in North Kingstown. Situated on the corner of Camp Ave and Post Road, the .79acre lot of 7354 Post Road offers a traffic light, underground utilities, Town sewers, natural gas, city water and approximately 60 parking spots. Currently used as a 4-unit rental property: (2) 725sf units ($695/mo & $845/mo), (1) 1400sf unit ($2000/mo) and (1) approximately 6500sf restaurant ($5300/mo) with roughly 250 seats. Restaurant lease is in effect until 10/31/2024. Current market rents ($8840/mo) are below market rents - over $10,000 per month can be easily obtained. This building was previously a 5-unit plaza - with 4 rental units plus the restaurant. The 4th unit was added to the restaurant footprint. GREAT OPPORTUNITY for a restaurant owner occupant to capitalize on this booming area of the state. 7354 Post Road sits directly across the street from Reynolds Farm (220 apartments, 80 senior apartments, 41 condominiums, 200 single-family homes and 20,000sf of commercial space). CALL for more information and a private showing.
Exterior Features

Construction Materials FrameMasonry Foundation Details Concrete Perimeter Frontage Length 352 Levels One Lot Features Corner Lot Parking Total 54

Interior Features

Basement Partial Basement YN Yes Cooling Central Air Furnished Unfurnished Heating Forced AirGas

Property Features

Association Amenities PlaygroundRestaurantTennis Court(S) Business Type Bar/Tavern/LoungeDry CleanerFood & BeverageGift ShopRestaurantRetail Community Features GolfHighway AccessMarinaNear HospitalNear SchoolsPlaygroundPublic TransportationRecreation AreaRestaurantShoppingTennis Court(S)High Traffic LocationStreet LightsSidewalks Electric 3 Phase220 Volts Gross Income 106095 Land Lease YN No Laundry Features In Unit Owner Pays Exterior MaintenanceGrounds CareSnow Removal Possible Use Medical/DentalMixed UseOfficeSee RemarksCommercialRetail Property Sub Type Commercial Road Frontage Type City Street Road Surface Type AsphaltPaved Security Features Carbon Monoxide Detector(S)Fire AlarmFire Sprinkler SystemSmoke Detector(S) Sewer ConnectedPublic SewerSewer Assessment(S) Tax Annual Amount 18025 Tax Assessed Value 1025800 Tax Lot 39 Tax Year 2022 Tenant Pays Common Area MaintenanceExterior MaintenanceParking FeeRoofSewerWater Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer ConnectedUnderground Utilities Water Source ConnectedPublic Zoning Pr

Listing information © 2022 State-Wide Multiple Listing Service.
Listing provided courtesy of Real Broker, Llc: 855-450-0442.





© 2022 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: 2022-10-04T07:37:40.687.
 
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Remax Preferred - The Mercurio Group
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