30 Coronado Rd redevelopment site

Retail-Commercial for Sale
Catylist Listing ID: 30172249
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 27,754 SF
Gross Land Area: 35,000 SF
Sale Price: $1,350,000
Unit Price: $48.64 PSF
Property Use Type: Investment, Business
Building Name: 30 Coronado redevelopment site
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/20/2020

Overview / Comments

Currently houses a large industrial building Zero setback in the new redevelopment intermodal zone. Tax Incentives! Adjacent to the train station. Ideal for small hotel , offices with street retail. Property available For Sale at $1,350.000.
Currently leased but tenants can be vacated with reasonable notice.
This is an ideal site for a hotel or mini apartments . Train station right there , commute to Boston on the "T' ! Walk to restaurants , airport and next to major highways. This a work, live and play area!

Currently fully rented. Upper level has a 3700sf office. Street level is at 24,054 sf bordering 3 streets.
Contact agent for Income and Expense
Possibly additional floors could be added to existing block structure to take advantage of the 70' Height ordinance.

Additional Details

Nearest MSA: Providence-New Bedford-Fall River
County: Kent
Tax ID/APN: WK 323 393
Zoning: INTERMODEL REDEVELOPMENT ZONE
Market Type: Large
Retail Clientele: Business, Traveler, Tourist, Convention
Property Located Between: Rt 1 Post Rd and Jefferson Blvd
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Post Rd Route 1
Transportation: Rail, Highway, Airport, Taxi
Highway Access: Around the corner
Airports: Across the street
Site Description: Located in the redevelopment zone. Can be purchased for lease land or buy existing building. Possible partial teardown and build up. Generous 70' height available. Zero street set back and tax incentives!
Area Description: Area in the process of redevelopment . New infrastructure includes an expanded airport servicing National and International flights. New train station with points north and south to Boston and South Kingston.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 24,054 SF
Property Condition: Average
Year Built: 1971
Year Renovated: 1971
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: side of building
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: Fire code up to date. There offices on the upper level of approximately 10,00 sf according to City stats.
Zoning Description: Intermodel
Lot Frontage: 200
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: plat 323 lot 393

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,702 89,801 230,885
Median Age: 44.15 43.21 41.05
Households: 2,920 36,895 93,536

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