250 South County Trail
Why We Love it
250 South County Trail, Exeter, RI 02822
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.
SALE PRICE:
$1,200,000
SALE PRICE:
$1,200,000
PROPERTY TYPE:
Four Unit Retail Plaza
RETAIL UNITS:
A - 1,800 SqFt | Restaurant*, $2,250/ Month
*Unit A’s lease provides for a First Right of Refusal on a purchase
B - 1,320 SqFt | Vacant
C - 1,440 SqFt | Convenience Store*, $1,800/ Month
D - 1,920 SqFt | Vacant
*Copies of leases available by request
BUILDING SIZE:
6,480 SqFt
LOT SIZE:
1.23 Acres | 53,578 SqFt
ELECTRIC:
Each unit is separately metered
HEAT:
Each unit has it’s own propane heating system in the ceiling
AIR:
Each unit has it’s own electric AC system
SEPTIC SYSTEM:
Two-tanks, one grease trap
Installed in 1987
Click here for septic information
WATER:
Well | 700 foot depth
Tested Monthly
ROOF:
Asphalt shingles | Approx 15 years old
CONSTRUCTION:
Concrete block
FIRE ALARMS:
Monitored by American Alarms
LOCATION:
On South County Trail, just feet from Main Street and Exeter Road
ZONING:
RU-4 | Rural Residential District
The purpose of the RU-4 zone is to protect land now used for forestry, farming and related activities and the natural habitat and wildlife and to preserve the area's rural character. This zone provides land suitable for low density residential development and reserves land for future farming, forestry, conservation practices and recreational uses.
PLAT/LOT:
67 / 3 / 8
Click here for the current deed
FRONTAGE:
161.73’ on South County Trail
YEAR BUILT:
1988
ASSESSMENT:
$574,900
Click here for tax assessor information
TAXES:
$6,755.07/ Year | Per 2025 tax rate
EASEMENT:
35 feet wide, access to Post Office
Road marquee is on adjacent property
ANNUAL EXPENSES:
Taxes - $6,755 (2025 rate)
Insurance - $7,748
Fire tax - $931
Fire alarm monitoring - $336
Plowing - $675 (2023-2025 average)
Septic - $703
Water testing - $2,472
Dumpster - $6,903
Water license - $200
Total - $26,723