Established Daycare with Real Estate

Retail-Commercial for Sale
Catylist Listing ID: 30701354
Property Subtypes: Day Care Facility, Free-Standing Building, Street Retail
Building Size (RSF): 3,050 SF
Gross Building Area: 4,390 SF
Gross Land Area: 0.11 Acres
Sale Price: $440,000
Unit Price: $144.26 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Latino Learning Center
Usable Size (USF): 3,050 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2021

Overview / Comments

This well established child care center has successfully operated at this site for over 20+ years. Serving children between the ages of 3-12, and providing pre-school, morning start and after school programs. Secure outdoor area is accessible directly from the building. Full security camera system provides oversite of the entire facility both inside and out. Municipally connected fire alarm system provides heat, fire and carbon monoxide detection. Fully sprinklered throughout. The center remains open all year offering parents no lapses in care. Licensed for 26 pre-school and 14 before/after schoolers. Prior to Covid-19, center maintained a consistent waiting list.

The building structure consists of 2,900sf of above grade finished area built out as a child care facility. There is approximately 300sf of finished lower level area consisting of ADA bathroom, private office and kitchen. The remaining lower level provides abundant dry storage area, gas boiler, hot water tank, and electrical service.

Currently operating as child care center catering to pre-school and after school children ages 3-12. Present operator has been in business since 2005 when it was purchased from an existing operator.

Building expenses total $14,362 and include electricity, gas, water, sewer, property taxes, and landscaping.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $8,155 (Annual)
Tax Value Land $42,000
Tax Value Improvements $180,200
Assessed Value - Total($) $222,200 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence
Tax ID/APN: PR 049-0209
Zoning: R2
Retail Clientele: General, Family
Property Located Between: Elmwood Avenue and Broad Street
Property Visibility: Excellent
Largest Nearby Street: Elmwood Avenue
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1911
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Block
Sprinklers: Dry
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 92'
Lot Depth: 66'
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 42,251 235,177 415,361
Median Age: 29.16 33.48 36.8
Households: 13,627 87,062 160,728

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.