250 S County Trail, Exeter, RI 02822
sale
$1,200,000
|
Other
Courtesy Of Kirby & Kirby
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.
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Property Features
- Age: 31-40 Years Old
- Building Units: 1
- Cooling System: Central Air
- Exterior Type: Masonry
- Floors: 1
- Heating System: Forced Air
- Heating System: Central
- MLSID: 1413593
- Parking Spaces: 50
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