Vineyard Road Portfolio

Retail-Commercial for Sale
Catylist Listing ID: 30399881
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 4,950 SF
Gross Land Area: 40,511 SF
Sale Price: $589,900
Unit Price: $119.17 PSF
Property Use Type: Vacant/Owner-User
Building Name: Vineyard Road Landscape Supply
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/27/2019

Overview / Comments

The real estate assets of Vineyard Road Landscape Supply are now available for purchase. This portfolio consists of 303 Vineyard Road, a 3,000sf concrete and steel free standing building built in 1986 with two 14' overhead doors, service counter and separate retail showroom with office, and 10 Bowler Road, a 1,950sf concrete and steel structure built in 1986 with three 14' overhead doors. The combined lot size is 40,511sf with access from Vineyard Road and Bowler Road.
Also available for purchase and priced separately at $750,000, is the well established landscape supply business with over 35 years of continued success. Included in the business acquisition are a 2000 Ford F650 dump truck, 2004 F 550 dump truck, 2016 Hyundai Fork Lift, two 2012 Bobcats, and a 48' storage trailer.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $12,020 (Annual)
Tax Value Land $121,700
Tax Value Improvements $263,600
Assessed Value - Total($) $385,300 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: City of Warwick
Tax ID/APN: 351/0260/0000 & 351/0262/0000
Retail Clientele: General, Family, Business
Property Visibility: Good
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1986
Roof Type: Arched
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Ceiling Units
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,378 51,985 158,142
Median Age: 41.21 42.99 43.57
Households: 5,671 21,638 65,349

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