Reservoir Avenue Top Location

Retail-Commercial for Sale
Catylist Listing ID: 30706210
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 1,880 SF
Gross Building Area: See Agent
Gross Land Area: 8,792 SF
Sale Price: $350,000
Unit Price: $186.17 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 1,880 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2021

Overview / Comments

This free standing building located on busy 4 lane Reservoir Avenue/Rt 2 is in fantastic move in condition near Garden City for multiple commercial uses, including Hair Salon, Medical Services, Retail, Office and Service businesses. The ground floor of 1,350 square feet is divided into reception area, business office, waiting areas and four treatment rooms. The second floor is divided into 3 treatment rooms with an available modular sauna. The space is heated with baseboard hot water and there are 3 zones of air conditioning throughout. The full basement is ideal for dry storage and possible expansion.
This corner location has great visibility and access and there are 7 on site parking spaces in addition to the street parking on the Jackson Road frontage. All systems are modern and updated including electrical, heat and hvac. The current use is a Salon, with many fixtures in place to support this re-use along with private treatment rooms for practitioners and stylists.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: CR 11-3020-0
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: Corner of Reservoir and Jackson Rd.
Property Visibility: Excellent
Feet of Frontage: 131
Highway Access: Rt 2 location near Rt. 37 interchange
Airports: Greene State Airport
Site Description: 1221 Reservoir is located at the corner of Jackson St, just a couple blocks south of the Garden City Center retail Power Center and close to Chapel Hill Retail and Whole Foods.
Area Description: High Traffic Reservoir Avenue close to Garden City Center, Chapel Hill Retail Center and the excellent demographics of Garden City neighborhoods.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,350 SF
Property Condition: Excellent
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Corner location with large lot and on site parking.
Total Parking Spaces: 7
Parking Type: Surface
Parking Description: 7 on site paved parking space along with street parking on side street frontage.
Sprinklers: None
Heat Type: Oil, Hot Water
Heat Source: Baseboard, Central
Air Conditioning: Engineered System, Package Unit
Interior Description: Fully updated interior finishes with reception, business office, waiting areas and 4 treatment rooms/offices.
Zoning Description: Commercial zoning
Lot Frontage: 131 linear feet
Lot Depth: 100 feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,404 149,101 350,618
Median Age: 45.84 37.34 36.55
Households: 7,746 55,318 134,108
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