High Traffic Automotive Building

Retail-Commercial for Sale
Catylist Listing ID: 30705353
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 2,450 SF
Gross Land Area: 0.53 Acres
Sale Price: $339,900
Unit Price: $138.73 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,450 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

Hi traffic retail business location on Providence Street. Building consists of 4 overhead bay doors, two 10' and two 12', retail counter and private office. Over half acre site with multiple uses. The building is currently heated by ceiling hung Modine oil heaters. There is natural gas connected to the building making an easy conversion to gas heat. Newly paved parking lot. Roof was replaced with all new rubber membrane in 2015. Security alarm in place. Tire balancer, mounting and inspection machines included in the price.

DO NOT VISIT THIS PROPERTY WITHOUT SCHEDULING AN APPOINTMENT WITH LISTING AGENT. THIS IS AN OPERATING BUSINESS. EMPLOYEES ARE NOT TO BE SPOKEN TO. ANYONE FOUND TO BE VIOLATING THIS NOTICE WILL BE DISQUALIFIED FROM NEGOTIATING A PURCHASE.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,317 (Annual)
Tax Value Land $81,800
Tax Value Improvements $113,000
Assessed Value - Total($) $194,800 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: Town of West Warwick
Tax ID/APN: WW 026-0031-0-000
Zoning: B
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Bald Hill Road (Rt.2)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,450 SF
Property Condition: Good
Year Built: 1952
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas, Oil
Heat Source: Ceiling Units
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,213 74,285 164,064
Median Age: 39.01 41.58 42.49
Households: 5,927 30,485 67,289

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