138 Main Street, South Kingstown, RI 02879

$1,950,000
8,650
SqFt
List Price
$1,950,000
Status
ACTIVE
MLS#
RIS-1309602
Price Change
▼ $245,000 1662514929
Year Built
1988
Levels
Three Or More
Acres
0.75
Living Area
8,650
Subdivision
Downtown Wakefield

Property Description

Downtown Wakefield Main Street location offers great visibility & paved parking for 40 vehicles. CD zoning allows a multitude of uses. This impressive 10,670 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", currently vacant, has 4 private windowed offices plus flexible office space on the 1st floor - ideal for additional cubicle-style offices. 1st floor also has a kitchen/break room, & a good-sized conference room. The 2nd floor has a private office & spacious "flexible office space" that would accommodate additional private cubicle-style offices, & receptionist area. The rear office is now leased - 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 rent annually. Lease expires 2/28/2024. Furniture, fixtures and office equipment will not convey. The front office lease will be NN - tenant will pay 47% for water, sewer, heat, light, power & other utilities/services supplied to the Premises, all taxes(except real property tax to SK) & a proportionate share of all-risk and property insurance , & common area maintenance expenses. Tenant shall pay a reasonable proportionate share (47%) of all charges jointly metered with other Premises. LL Storage.

Additional Information

Taxes
$15,305
Lot Size
32,670
Heating
Central, Common, Hot Water, Individual, Zoned
Cooling System Type
Central Air
Sewer
Connected, Public Sewer, Sanitary
Water Source
Connected, Public
Basement
Full
Parking Spaces
40

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jay Readyhough from Mott & Chace Sotheby's Intl.

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