665 Warwick Avenue
Retail-Commercial
for Sale
Sale Pending
Catylist Listing ID: |
30521385 |
Property Subtypes: |
Free-Standing Building, Service Station/Gas Station, Street Retail, Vehicle Related
|
Status: |
Pending |
Building Size (RSF): |
11,536 SF
|
Gross Building Area: |
12,520 SF |
Gross Land Area: |
0.72 Acres
|
Sale Price: |
$749,000 |
Unit Price: |
$64.93 PSF |
Property Use Type: |
Investment, Business |
Usable Size (USF): |
11,536 SF |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
12/30/2020 |
Overview / Comments
This business has been existence since the 1958, the owner is now retiring, but at its pinnacle the business was making $1.2 million in gross revenues, the real estate will convey with the sale. The building at 11,536 FT , it houses two auto related business, a body shop and space leased to a mechanic, monthly rental is $2,700.
The auto body business and all inventory will convey with the sale.
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Additional Details
Nearest MSA: |
Providence-Warwick |
County: |
Kent |
Tax ID/APN: |
WK 293 35 |
Zoning: |
GB |
Retail Clientele: |
General, Business |
Property Located Between: |
Warwick ave and Atlantic ave |
Property Visibility: |
Excellent |
Largest Nearby Street: |
Warwick Avenue |
Highway Access: |
Rt. 95 is blocks away |
Airports: |
Close to T.F. Green Airport |
Site Description: |
The building seats on .72 acres with a renovated building and plenty of parking in the back. High traffic count as it seats right on Warwick Ave |
Area Description: |
Commercial business area |
Tenancy: |
Multiple Tenants |
Total Number of Buildings: |
1 |
Number of Stories: |
1 |
Typical SF / Floor: |
11,536 SF |
Property Condition: |
Good |
Year Built: |
1915 |
Year Renovated: |
2000 |
Roof Type: |
Gable |
Construction/Siding: |
Concrete |
Exterior Description: |
Building in excellent condition, good parking in the back. Highly visible property |
Total Parking Spaces: |
25 |
Parking Type: |
Surface |
Heat Type: |
Natural Gas |
Heat Source: |
Central |
Interior Description: |
The auto body shop has a spray booth, lift, frame machine, new HVAC system and an over sized compressor. |
Zoning Description: |
Commercial industriall |
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
17,089 |
119,677 |
324,136 |
Median Age: |
42.3 |
38.75 |
37.35 |
Households: |
7,084 |
45,658 |
124,369 |
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