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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
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