15-25 Coronado (Intermodal Zone)

Retail-Commercial for Sale
Catylist Listing ID: 30706286
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 16,946 SF
Gross Building Area: See Agent
Gross Land Area: 30,369 SF
Sale Price: $849,900
Unit Price: $50.15 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

This is zoned for redevelopment and across the street from TF Green International Airport and across from train station and parking garage. Easy train commute for Boston area workers. Intermodal zone allows 70 foot height and zero setbacks. Perfect for street retail, restaurants, office, with residential at upper levels. State tax incentives are available.

There are currently two buildings on site. One is 13,500 square feet rented to a gym/sports facility. Second is used for storage. Tenant is month to month. Keep tenant in place while working on redevelopment plan and approvals.

Other redevelopment land is available in the Green intermodal zone, see agent for more details.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: WK 323 416
Zoning: INTERMODAL ZONE
Retail Clientele: Business, Traveler, Tourist
Property Located Between: Across from Green International Office
Largest Nearby Street: Post Road
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Parking Type: Structure
Zoning Description: Intermodal Zone
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,702 90,356 232,487
Median Age: 44.15 43.35 40.98
Households: 2,920 37,177 94,101

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