$1,200,000
About this home
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.
Property details
- MLS #
- 1413593
- Property type
- Commercial
- Subdivision
- Next To Post Office
- Status
- Active
- Days on market
- 126
- On market date
- May 27, 2026
- Stories
- 1
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 50
- Lot size
- 1.23 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 260
- Student:teacher ratio
- 13.7:1
- District
- Kingston Hill Academy
- Enrollment
- 341
- Student:teacher ratio
- 12.2:1
- District
- North Kingstown
- Enrollment
- 1,451
- Student:teacher ratio
- 13.7:1
- District
- North Kingstown
Walkability
Blended score for Exeter's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 5 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.