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250 S County Trl 6,880 SF 100% Leased Retail Building Exeter, RI 02822 $1,200,000 ($174.42/SF)
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,880 SF
Building Class
C
Year Built
1988
Price
$1,200,000
Price Per SF
$174.42
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.24 AC
Zoning
RU-4
Parking
26 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
131’ on County Trl
Amenities
- Pylon Sign
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | EXET-000067-000003-000008 | Improvements Assessment | $463,700 |
| Land Assessment | $111,200 | Total Assessment | $574,900 |
Property Taxes
Parcel Number
EXET-000067-000003-000008
Land Assessment
$111,200
Improvements Assessment
$463,700
Total Assessment
$574,900
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250 S County Trl
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