138 Main Street South Kingstown, RI $ 1,350,000
138 Main Street
$ 1,350,000
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138 Main Street

South Kingstown, RI, 02879
$ 1,350,000
Baths0.0 Sq 8,650

Monthly Estimate*

$ 9,430

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Studio

Commercial Property for sale in South Kingstown, RI

for $1,350,000. This 8,650 square foot building was built in 1988 on a lot size of 0.75.

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.

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Commercial Contingent

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,305

Style

Commercial

Lot Size

0.75

Year Built

1988

Town/City

South Kingstown

County/Region

Washington

MLS | Web ID

1336205

Features
General
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
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 N
Property Type CommercialSale
Association Amenities Maintenance
HOA / Comm Assn N
Attached Garage N
Contingency Inspection Period
Subdivision Name Downtown Wakefield
Possible Use Commercial Investment MedicalDental Office
Garage Y/N N
Building Features PublicRestrooms
Status ActiveUnderContract
City South Kingstown
Buyer Agent Compensation 3% NS
Green Location PublicTransportation Walkability
View Y/N N
Senior Community Y/N N
Total Units 2
Lot Size Square Feet 32670.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 1
Street Name Main
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 15305.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=kNYWHKcAiPw&st=5000&ts=2
Days on Market 324
Structure Type Office
Standard Status ActiveUnderContract
Occupancy Description Tenant
Tax Assessed Value 1397700
Tax Lot 62
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Interior
Basement Full
Total Stories 3
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 8650.0
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing Fenced
Water Source Connected Public
Total Parking 40.0
Lot Size Area 32670.0
Foundation Details ConcretePerimeter
Number of Buildings 1
Spa N
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 N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 138
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* Excluded Features
List By
Mott & Chace Sotheby's Intl.

Broker

jay.readyhough@mottandchace.com

Email

Affordability Calculator

$10,706
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,430
Monthly Property Taxes
$1,275
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/24/2023$1,350,000 -12.90% Price Down
5/25/2023$1,550,000 Listed Price

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138 Main Street, South Kingstown, RI, 02879 is a Commercial Property for sale at $1,350,000 with 8,650 sqft and a lot size of 0.75. 138 Main Street is a studio with 0.0 baths and was built in 1988. The property's zip code is 02879 which is in South Kingstown, RI