215 Toll Gate Road, Suite 206 A&B

Office for Sale
Catylist Listing ID: 30185973
Property Subtypes: Executive Suites, Medical, Office Building
Condo? Yes
Building Size (RSF): 5,300 SF
Gross Building Area: 36,000 SF
Gross Land Area: 5 Acres
Sale Price: $720,000
Property Use Type: Investment, Business
Building Name: Gate Medical Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2019

Overview / Comments

Great investment / owner occupant opportunity!
Brand new condo sub-division builout to be completed August 1!
New ADA bathroom, new waiting room
New paint and carpet
Ground level unit!
May also be purchased either separately or in combination with suite currently used as surgical offices.
Condo association rules just changed to allow legal, CPA, and other professional services in addition to medical/healthcare.

Current Tenants

Tenant Business Name Dr. Franlin Mirrer, MD, Orthopedic Surgery
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 206B
SF of Space Occupied 3,000 SF

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: WK 246 182
Is Condo?: Yes
Zoning: O
Site Description: Well maintained and updated
Area Description: Right down the road from Kent hospital on a road with high medical use properties.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 12,000 SF
Year Built: 1985
Roof Type: Flat
Construction/Siding: Vinyl Siding
Exterior Description: Exterior including windows, siding, roof and HVAC all recently replaced!
Parking Type: Structure
Parking Description: Separate doctor's/owner's parking lot in addition to main lot.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: O
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,669 73,855 181,419
Median Age: 44.59 42.36 42.68
Households: 4,073 30,924 74,170

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