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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.
Location
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Attribution contact: 855-450-0442
Listing Office: Real Broker, LLC