Post Road Shopping Center with extra lot

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30357209
Property Subtypes: Free-Standing Store, Strip Center
Status: Pending/Contingent
Building Size (RSF): 4,802 SF
Gross Land Area: 54,918 SF
Sale Price: $495,000
Unit Price: $103.08 PSF
Property Use Type: Investment, Business
Building Name: 1187 Post Road Strip Mall with extra lot
Usable Size (USF): 4,802 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/16/2021

Overview / Comments

Owner is retiring and says SELL!

6 units of retail and professional space Current Taxes are $14,244

This is an owner occupied building with houses the owners property management company

Located near the intersection of Post Road and Elwood Avenue

Rehab the existing units or possibly redevelop the entire parcel of 54,918 sq. ft of land

Property is located on Plat 296 and Lots 162 and 579

Building can be continued to used as a six retail units with additional land currently used as overflow parking

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: Warwick
Tax ID/APN: Plat 296 and Lots 162 and 579
Zoning: COMMERICAL
Retail Clientele: General, Business
Property Located Between: Intersection with Elmwood Avenue and Post Road.
Property Visibility: Good
Largest Nearby Street: Elmwood Avenue
Highway Access: Access to all major highways Minutes to airport and downtown Providence
Airports: TF Green Airport
Site Description: This 6 unit 2 level strip center sits on nearly 54,918 sq. ft of land con siting on 2 lots Plat 296 and Lots 579 and 162 Located across from Sand Pond Plaza
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,400 SF
Property Condition: Good
Year Built: 1978
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick mason building, cinderblock
Parking Type: Surface
Parking Description: Ample on site parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,207 111,990 290,836
Median Age: 41.24 41.55 38.95
Households: 4,624 45,161 114,076

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