806 Reservoir Avenue

Office for Sale
Catylist Listing ID: 30289390
Property Subtypes: Office Building
Building Size (RSF): 2,625 SF
Gross Building Area: See Agent
Sale Price: $199,000
Unit Price: $75.81 PSF
Property Use Type: Business
Class of Space: Class B
Usable Size (USF): 2,625 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

Why Pay Rent when you can own a Commercial Office on Reservoir Avenue with the redevelopment of existing Commercial Real Estate in direct proximately. Now could not be a more opportunistic time to invest! Protect your future and build equity. This property has updated offices, the opportunity for additional rental income, lower level unit with separate street entrance, excellent signage exposure, more.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $6,118 (Annual)
Potential Rental Income $2,500 (Annual)
Lender Name Citizens Bank
Down Payment $35,000
Annual Debt Service $12,000 (Annual)
Interest Rate (APR) 5.03
Loan Due Date 3/2026
Amortization Period 20 Years

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Zoning: C-1
Property Visibility: Excellent
Highway Access: Access to I-95 and RT. 10
Airports: PVD
Total Number of Buildings: 1
Number of Stories: 2
Year Renovated: 2006
Roof Type: Hip
Construction/Siding: Brick/Aluminum Siding, Wood Frame
Exterior Description: Two story building with vinyl siding and small front porch.
Parking Type: Other
Parking Description: Plenty of on street parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Window Unit
Internet Access: DSL
Zoning Description: Commerical
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,148 178,518 369,498
Median Age: 39.75 36.1 36.5
Households: 10,951 66,825 141,261

Contact

Photograph of Listing Agent

Scaralia Group

Albert REALTORS ECCPN Member
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