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.
|
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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