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7354 Post Road, North Kingstown, RI, 02852 | $1,400,000
Great opportunity to own this 4 unit strip mall. Originally 5 units, the restaurant is occupying two, it is located on a 4 lane high-traffic road in beautiful North Kingstown just minutes from downtown Wickford. . The area boasts a booming strip of businesses, condos, homes and apartments. its Ideal commercial location on the corner of Post Rd and Camp St has a convenient traffic light for easy entrance and exit out of the 50+ paved parking lot. Current owner made significant upgrades to the property. All 4 units were completely renovated over the past few years. Upgrades include a new back roof, siding, restrooms, and more! Current tenants include a recently fully renovated restaurant, nail salon and dance studio. Town water, sewers and natural gas. Call for more information.
The Post Road district (PR) is established as a mixed use, economic development center
Features
- Property Type: Commercial
- Permitted Use: Commercial,Development,Investment,Medical/Dental,Mixed Use,Office,Other,Recreational,Retail
- Construction: Frame,Masonry
- Utilities: Electricity Available,Natural Gas Available,Natural Gas Connected,Underground Utilities,Sewer Connected
- Parking: 60-car
- Heating: Forced Air,Gas
- Cooling: Wall Unit(s),Central Air
- Amenities: Business Center,Playground,Recreation Facilities,Restaurant,Tennis Court(s),Trail(s)Business Center,Golf,Highway Access,Marina,Near Schools,Playground,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Trails/Paths,High Traffic Location,Sidewalks
- Units: 4
- Zoning: PR
- Laundry: In Unit
- Year Built: 1940
- Acreage: 0.79
- Est. Taxes: $16,170
- Lot Desc: Corner Lot
- MLS#: 1363746
- Website: https://www.raveis.com
/prop/1363746/7354postroad_northkingstown_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
7354 Post Road, North Kingstown, RI, 02852
$1,400,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
| Monthly Tax Payment | $1,348 | $1,348 | $1,348 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,359 | $6,896 | $9,301 |
| Total Monthly Payment | $7,832 | $8,369 | $10,774 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB