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.
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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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