37 Washington Street

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30295424
Property Subtypes: Governmental, Institutional, Medical, Mixed Use, Flex Space
Status: Pending/Contingent
Building Size (RSF): 9,558 SF
Gross Building Area: 26,314 SF
Gross Land Area: 10,846 SF
Sale Price: $595,000
Unit Price: $62.25 PSF
Ceiling: 15 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: JJ Newberry
Class of Space: Class B
Usable Size (USF): 26,314 SF
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 4/8/2019

Overview / Comments

A well-known landmark building in the Heart of Downtown West Warwick. The building has 26,314 sq.ft. that includes basement area of 9,558 sq. ft. and finished medical office space of 9,558 sq. ft. Balance of building square footage is warehouse and high bay area. Abuts municipal parking lot that is used for parking for this building. Owners will sell with our without tenants, majority of space is leased back by owners.
Substantial additional land available that is adjacent to this stand-alone signature building.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: West Warwick
Tax ID/APN: Plat 6 Lot 426
Property Located Between: Main Street and Washington Streets
Property Visibility: Excellent
Airports: TF Green
Site Description: Level surface parking . Additional land available.
Area Description: Located in the Heart of West Warwick, RI. Building is surrounded by churches, banks, CVS and on the bus route. Close to schools and shopping.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 9,558 SF
Year Built: 1920
Year Renovated: 1995
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Building has first floor, basement, storage areas. and a freight elevator. Plenty of walking space including sidewalks. Well lit area, high traffic area.
Parking Type: Surface
Parking Description: Plenty of parking surrounding the building. There is a parking lot and the street can be used.
Total Parking Spaces: 50
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas, Hot Water
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Four office units along with shared waiting room. 3 story tower used as storage along with a full basement formerly used as additional sales floor for the former department store, extra wide stair case leads to this lower level storage
Zoning Description: Arctic, Resign, Control District
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Shared parking lot with adjacent town owned public parking lot
Legal Description: Plat 6 Lot 426

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,343 69,559 143,747
Median Age: 37.88 41.91 42.77
Households: 6,649 29,545 58,635


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