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: 11/20/2020

Overview / Comments

Four contiguous parcels with over 8,000 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

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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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