Shannon Motors Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30702458
Property Subtypes: Day Care Facility, Free-Standing Building, Retail-Pad, Street Retail, Vehicle Related
Status: Pending
Building Size (RSF): 1,946 SF
Gross Land Area: 17,236 SF
Sale Price: $500,000
Unit Price: $256.94 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Shannon Motors
Usable Size (USF): 1,946 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/24/2021

Overview / Comments

Great location for another Auto Sales Center or numerous other uses, Zoned M-1. Owner has remodeled the interior to a first class space. Numerous offices, conference room, reception/waiting room. Building is 1,946 sq. ft. set on the corner or Reservoir & Adelaide with a 17,236 sq. ft. lot. Will also transfer with all licenses.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: PROVIDENCE
Tax ID/APN: PR 052-0122
Zoning: M-1
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Elmwood Ave
Highway Access: Minutes to 95 and Rt10.
Airports: TF Green
Site Description: High Traffic, Black Tar, Municipal, Sidewalks, Street Lights.
Area Description: Set in the Elmwood section of Providence, minutes from downtown, high traffic, stand alone building, national franchises, Close to 95 and Rt 10.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,946 SF
Property Condition: Excellent
Year Built: 1958
Roof Type: Flat
Construction/Siding: Block
Exterior Description: First class building with Dryvit finish. This property offers plenty of parking on a corner lot with great visibility and a 17,236 sqft lot.
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Plenty of off street parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: First Class space. Numerous offices, conference room, reception, waiting room.
Zoning Description: M-1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Plat 52 / Lot 122

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 40,614 232,665 411,430
Median Age: 29.88 33.88 36.86
Households: 13,074 86,764 159,418


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