Commercial Transactions are still happening in Rhode Island
When the local economy slows down, we always anticipate a drop in activity and prices. What sometimes happens in Rhode Island is that we get surprised that prices do not drop much. There were some recent sales that demonstrate this fact.
51 Worthington Road, Cranston, Industrial building 21,950 square feet $1.5 millon $68 per sqaure foot
811 Park East Drive, Woonsocket, Industrial building 20,000 square feet $1.4 million $70 per square foot
100 Wampanoag Trail, East Providence, Nursing Home. 16,860 square feet $4.3 milion $255.04 per square foot.
1219 Aquidneck Avenue, Middletown, Retail 9,625 sq. feet, $1.3 milion $135 psf.
51 Main Street, South Kingstown, Bank Branch 6,056 sq. feet $2.2 million $363 psf.
Feel free to call me with any questions. 401 497-6166
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