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Shaun Binner

shaun.binner@engelvoelkers.com +1(772) 349-2771

$ 1,200,000

Est. payment -/mo

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250 South County TRL Exeter, RI 02822

6,480 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,480 sqft

Price per Sqft $185

Subdivision Next To Post Office

MLS Listing ID 1413593

HOA Y/N No

Abv Grd Liv Area 6,480

Year Built 1988

Annual Tax Amount $6,755

Tax Year 2025

Lot Size 1.230 Acres

Acres 1.23

Property Sub-Type Commercial

Property Description

A well-maintained four-unit retail strip plaza in Exeter, offering two occupied units with established tenants and two vacant spaces ready for immediate occupancy an ideal opportunity for investors or owner-users looking to add value. The property has seen a series of meaningful capital improvements in recent years, reflecting a proactive ownership approach. In 2023, new gutters were installed, fencing around the dumpster enclosure was replaced, a mason inspection was completed with all identified deficiencies addressed, major potholes at the entrance were repaired, and a landscaping program was initiated to manage overgrowth. Most recently in 2025, the well was updated to current code, ensuring long-term compliance and reliability. The property is serviced by a two-tank septic system featuring a primary grease trap, efficient leach field, and two surface-level access covers. With stabilized income from two existing tenants, upside through lease-up of the vacant units, and a clear record of recent physical improvements, this plaza presents a straightforward value-add opportunity in a community retail setting. One tenant has a First Right of Refusal on a purchase offer.

Location

State RI

County Washington

Community Next To Post Office

Zoning RU-4

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Furnishings Unfurnished

Exterior

Community Features High Traffic Location

Utilities Available Natural Gas Not Available

Total Parking Spaces 50

Building

Foundation Slab

Sewer Septic Tank

Water Well

Structure Type Masonry

New Construction No

Others

Tax ID 250SOUTHCOUNTYTRLEXET

Security Features Fire Alarm

Virtual Tour https://www.youtube.com/shorts/YDaDRU1cfz4

Listed by Kirby & Kirby

Shaun Binner

Growth Coordinator | License ID: RES.0202685

+1(772) 349-2771

Shaun Binner

250 South County TRL Exeter, RI 02822

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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250 South County TRL