Development OR Income - You Choose
Retail-Commercial
for Sale
| Catylist Listing ID: |
30668030 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
| Building Size (RSF): |
8,216 SF
|
| Gross Land Area: |
35,000 SF
|
| Sale Price: |
$1,299,900 |
| Unit Price: |
$158.22 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Usable Size (USF): |
8,216 SF |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/5/2021 |
Overview / Comments
|
Four contiguous parcels with over 10,000 sq. ft. of leased and leasable space. 3,000 sq. ft. restaurant and banquet space fully ready to go. Great for owner occupant restauranteur / entrepreneur with rental income to boot. Or develop 1/2 a city block with potential for a whole block of frontage on Charles St. 5th parcel on Charles St. may also be available for additional investment. So much potential here. 8 units of residential in 3 buildings including mixed use restaurant / banquet building. Additional basement space in all buildings, and garage/ loading space in main building.
|
Additional Details
| Nearest MSA: |
Providence-Warwick |
| County: |
Providence |
| Taxing Authority: |
North Providence |
| Tax ID/APN: |
NP 2-588, 2-585, 2-589, 2-429 |
| Zoning: |
CV |
| Retail Clientele: |
Family, Business |
| Property Located Between: |
May and Obed |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Charles St. |
| Feet of Frontage: |
528 |
| Highway Access: |
Minutes to 146 |
| Airports: |
PVD, BOS |
| Site Description: |
Nearly an acre of land. 3 of 4 lots improved with multifam and mixed use. 1/4 acre undeveloped. Currently paved as parking. |
| Area Description: |
Urban - bus lines adjacent to property. Surrounded by retail, commercial, and residential uses. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Number of Stories: |
3 |
| Typical SF / Floor: |
800 SF |
| Property Condition: |
Average |
| Year Built: |
1920 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick, Brick/Vinyl Siding, Vinyl Siding, Wood Frame, Wood Siding, Wood Shingle |
| Parking Type: |
Surface |
| Heat Type: |
Other |
| Lot Frontage: |
528 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
23,543 |
214,202 |
399,259 |
| Median Age: |
37.4 |
34.96 |
35.74 |
| Households: |
9,462 |
83,332 |
154,066 |
|
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