Retail/ Office/NK

Retail-Commercial for Sale
Catylist Listing ID: 30024939
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 6,927 SF
Gross Building Area: 7,330 SF
Gross Land Area: 85,381 SF
Sale Price: $389,900
Unit Price: $56.29 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Falcon Building
Usable Size (USF): 6,927 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2020

Overview / Comments

This building could be divided if needed. Previously was a 2 unit building. Unique that it has 2 internal loading docks for easy deliveries of product. Good for many uses but ideal for appliance store, mattress store , etc. Currently used as the USS Saratoga airplane museum but they will be vacating when sold..
Fire coded and ADA capable. 3 gas rooftops
Taxes are $11,940 Selling for way under assessed value of $625,000. Price reflects improvements needed.

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: North Kingstown
Tax ID/APN: NK 146-044
Retail Clientele: General
Property Located Between: School St and Quonset entrance.
Property Visibility: Excellent
Largest Nearby Street: Quonset shopping center.
Highway Access: Access to highways 1 minute away.
Airports: 15 minutes to Green State Airport
Site Description: rectangular and level. Drops off in the rear, so much is not useable.
Area Description: Growing area as Quonset Point and Daviseville Parks are expanding . Need for retail and services are expanding.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1950
Year Renovated: 2002
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Newer vacade with Retail glass.
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: some in front, more in the back.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Currently used as 1 unit but could be divided. 2 internal bays and docks . Retail space approximately 5986 sf.
Zoning Description: General Business
Water Service: Municipal
Sewer Type: Septic
Easements Description: electrical easement to the rear of the property.
Land Ownership: Fee simple
Legal Description: Plat 146 Lot 044

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,787 21,464 55,169
Median Age: 41.72 44.67 44.6
Households: 2,074 8,588 22,576


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