1177 Jefferson Blvd

Retail-Commercial for Sale
Catylist Listing ID: 30349514
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 8,000 SF
Gross Land Area: 30,942 SF
Sale Price: $699,000
Unit Price: $87.38 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Gill Services
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Flex use 3 level building offering 3,200 ' garages below, 3200' storefront and offices - both at street grade, plus 1600' 3rd level. Could be owner occupied and/or income producing. 30,492 sq ft lot with expansion potential. Very busy and convenient location, just minutes from highway, airport, train. Good demographics.
Construction materials, contractor, automotive, retail or combo of uses.
Owner (Gill Services) occupies small office approx 800 sq ft on 2nd level and western 1/2 of lower level approx 1600 sq ft w/2 OH doors, would lease back this space.
Current MTM tenants: approx 800 sq ft garage/office on 2nd level, and repair shop on 1/2 of lower level 16000' w/ 2 more OH doors.
Vacant: 3rd level office and space below on 2nd, approx 1600 sq ft each.
Plat 268, Lot 303, .7 acres (30,492 sq ft) , Property Taxes $13,321.08

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: WK 268 303
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: near Wethersfield Commons
Property Visibility: Excellent
Largest Nearby Street: Main Ave
Feet of Frontage: 165
Highway Access: 2 minutes
Airports: 5 minutes
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,200 SF
Property Condition: Good
Year Built: 1983
Year Renovated: 2009
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Heat Type: Oil
Heat Source: Central
Zoning Description: Commercial Industrial
Lot Frontage: 165
Water Service: Municipal
Sewer Type: Municipal
Easements Description: adjacent to paper street used as additional parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,019 84,104 208,971
Median Age: 44.43 43.28 42.08
Households: 4,307 34,407 86,074


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