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$1,995,000 Sale Pending

  • For Sale
  • Pending
  • Commercial Service
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Prime location. This 1.37 acre commercially zoned parcel offers great visibility and parking for 68. Sited just off Route 1, the 5700sf building is currently used as a Mexican Restaurant with a 4 year, triple net lease. Great investment opportunity or plan for redevelopment while maintaining a good cap rate with current lease. Call for further details. *BUSINESS NOT FOR SALE, REAL ESTATE ONLY.

Full Property Details for 515 Kingstown Rd

General

  • Price: $1,995,000
  • Taxes: $15,097 (2024)
  • Status: Pending
  • Type: Commercial Service
  • Source: STWMLS
  • MLS ID: 1369642
  • Updated: 11/24/2025
  • Added to Site: 466 day(s) ago

Business

  • Business Type: Restaurant

Rental Information

  • Lease Info: NNN

Parking

  • Total Spaces: 68

Location

  • County: Washington
  • Subdivision: Wakefield

Community

  • Units Assoc/Comm: 1

Utilities

  • Sewer: Connected, Public Sewer
  • Water: Connected
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Frame
  • Basement Desc.: None
  • Stories/Levels: 0
  • Building Size: 5700
  • Finished Total: 5,700 Sq. Ft.
  • Finished Above Grnd: 5,700 Sq. Ft.
  • Year Built: 1970
  • Other Struct. Feat.: Public Restrooms

Unit Information

  • Vacancy %: 100

Lot Features

  • Lot Size (Acres): 1.37
  • Lot Size (Sq. Ft.): 59,677
  • Lot Size: 59677
  • Frontage: City Street
  • Potential Use: Development, Investment, Medical/Dental, Office

Financial Considerations

  • Tax Amount: $15,097
  • Tax Year: 2024
  • Owner Pays: None
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Property ID: 515KINGSTOWNRDSKNG
  • Lot Number: 47

Listed by Gustave White Sotheby's Realty

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Listing agent

— 515 Kingstown Rd —

  • Gustave White Sotheby's Realty

401-849-3000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 515 Kingstown Rd

School District:South Kingstown School District
NameGradesDistance
South Kingstown High School
215 Columbia Street, South Kingstown, RI 02879
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 515 Kingstown Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/04/2025
Price Reduced
$1,995,000
-11.33%
MLS
10/09/2024
Listed
$2,250,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 515 Kingstown Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,646
-10%
$1,526,400
12%
2024
$15,098
—
$1,366,300
—
2023
$15,098
1%
$1,366,300
—
2022
$14,961
-18%
$1,366,300
8%
2021
$18,213
—
$1,260,400
—
2020
$18,213
—
$1,260,400
—
2019
$18,213
-1%
$1,260,400
7%
2018
$18,443
2%
$1,176,200
—
2017
$18,008
1%
$1,176,200
—
2016
$17,749
3%
$1,176,200
5%
2015
$17,313
—
$1,115,500
—
2014
$17,268
—
$1,115,500
—
2013
$17,257
—
$1,115,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Gustave White Sotheby's Realty

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515 Kingstown Road, South Kingstown, RI 02879 (MLS# 1369642) is a Commercial Service property. 515 Kingstown Road is currently listed for $1,995,000 and was received on October 09, 2024. Want to learn more about 515 Kingstown Road? Do you have questions about finding other Commercial Service real estate for sale in South Kingstown? You can browse all South Kingstown real estate or contact a Coldwell Banker agent to request more information.

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