Golf Course
Address
138 Main Street, South Kingstown, RI
Price
$ 1,350,000
Property Attributes
  • MLS#1336205
  • TypeContingent
  • CountyWASHINGTON
  • CitySouth Kingstown
  • NeighborhoodDowntown Wakefield
  • Zip02879
  • StyleCommercial
  • Year Built1988
  • Taxes$ 15305
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8650
  • Lot Size0.75 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

NEW PRICE! Downtown Wakefield. Main Street location offers great visibility & paved parking for 40+/- vehicles. CD zoning allows a multitude of uses. This impressive 10,620 sq.ft free-standing 2 story brick-sided office building offers 2 units - each share 2 restrooms on the 1st & 2nd floors. The "front office" is currently vacant. The 1st floor has 4 private windowed offices, conference room and kitchen/break room - plus large flexible office space area ideal for cubicle-style offices. The 2nd floor has a private office & spacious flexible office space area that would accommodate additional private cubicle-style offices, & receptionist area. The "rear office" is currently leased until 2/28/24. The 1st floor has 8-9 private windowed offices & flexible office space area which currently contains 7 cubicle-style offices, & an area for a receptionist. The 2nd floor of this unit offers 2 large private offices, a large conference room, & 5 cubicle-style offices. Current lease generates $92,714 in rent annually. Building's lower level provides ample storage, kitchen/conference room, and utility room(s). Total building square footage includes common areas: lobby, hallways, and other finished areas. Owner pays property taxes. Furniture, fixtures & office equipment will not convey.

Price History
5/25/2023 Listed $1,550,000
8/24/2023 13% - $1,350,000

General Features

Sewer Connected,PublicSewer,Sanitary
Heating Central,Common,HotWater,Individual,Zoned
Cooling CentralAir
Utilities ElectricityAvailable,NaturalGasNotAvailable,MunicipalUtilities,PhoneAvailable,WaterConnected,SewerConnected
Possession Negotiable
Zoning CD
Security Features CarbonMonoxideDetectors,FireAlarm,FireEscape,Firewalls,SecurityLights
Construction Materials Brick,Masonry
Year Built 1988
Electric Item3Phase
Tenant Pays CommonAreaMaintenance,Electricity,ExteriorMaintenance,HVACMaintenance,Heat,JanitorialService,OtherTax,Sewer,TrashCollection,Telephone,Water
Stories 3
Levels ThreeOrMore
Property SubType Commercial
Tax Year 2022
OwnerPays GroundsCare,Insurance,SnowRemoval,Taxes
Business Type Financial,Medical,ProfessionalOffice,Parking,RealEstate
Community Features Golf,HighwayAccess,Marina,MaintenanceOnSite,NearHospital,NearSchools,PublicTransportation,RecreationArea,Shopping,HighTrafficLocation,StreetLights,Sidewalks
County Washington
New Construction No
Property Type CommercialSale
Association Amenities Maintenance
HOA / Comm Assn No
Attached Garage No
Contingency Inspection Period
Subdivision Name Downtown Wakefield
Possible Use Commercial,Investment,MedicalDental,Office
Garage Y/N No
Building Features PublicRestrooms
Status ActiveUnderContract
City South Kingstown
Green Location PublicTransportation,Walkability
View Y/N No
Senior Community Y/N No
Total Units 2
Lot Size Square Feet 32670.0
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 1
Street Name Main
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 15305.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://my.matterport.com/show/?m=kNYWHKcAiPw&st=5000&ts=2
Days on Market 357
Structure Type Office
Standard Status ActiveUnderContract
Occupancy Description Tenant
Tax Assessed Value 1397700
Tax Lot 62
MobileHomeRemainsYN No

Interior Features

Basement Full
Total Stories 3
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 8650.0
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Fencing Fenced
Water Source Connected,Public
Total Parking 40.0
Lot Size Area 32670.0
Foundation Details ConcretePerimeter
Number of Buildings 1
Spa No
Building Area Total 8650.0
Lot Size Acres 0.75
Road Surface Type Asphalt
Frontage Length 99
Lot Size Units SquareFeet
Road Frontage Type CityStreet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 02879

Price
AVG $840K
$1.35M
Taxes
AVG $6,233
$15,305
Visits
AVG 154
339
Data Provided by Inside Real Estate®
Year Built
AVG 1981
1988
Walkscore
AVG 46
75
Data Provided by Walkscore® not using MLS data

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