Professional Office Condo

Office for Sale
Catylist Listing ID: 30748080
Property Subtypes: Business Park, Executive Suites, Medical, Flex Space, Office Building, Other
Condo? Yes
Building Size (RSF): 1,089 SF
Gross Building Area: See Agent
Sale Price: $199,000
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

Rare opportunity to own your own office in the heart of South County! The Narragansett Professional Building is conveniently located right off Route 1 with excellent access to South County and all southern points. This professional office features an ample waiting room/reception area, a spacious administrative area, 5 private offices, storage closet and bathroom. All utilities are included in the condo fee! Low taxes! Perfect for various professional uses and an ideal satellite office for a firm needing a presence in South County. Can be sold furnished. Turn key. Call today. NOW ACCEPTING ALL PROFESSIONAL USES!

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,138 (Annual)
Tax Value Land $0
Tax Value Improvements $178,800
Tax Value Personal Property $0
Assessed Value - Total($) $178,800 (Annual)
Potential Rental Income $4,000 (Annual)
Gross Operating Income $0 (Annual)
Net Operating Income $0 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Narragansett
Tax ID/APN: NA O 5 1
Is Condo?: Yes
Property Visibility: Excellent
Highway Access: Excellent, instant access to Route 1
Airports: TF Green & Westerly
Site Description: Professional Office Building w/Ample Parking
Area Description: Heart of Narragansett/South County
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1987
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Mint
Parking Ratio: 75 (per 1000 SF)
Parking Type: Structure
Parking Description: Ample Parking
Total Parking Spaces: 75
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Cable, DSL, Fiber Optic
Interior Description: Rare opportunity to own your own office in the heart of South County! The Narragansett Professional Building is conveniently located right off Route 1 with excellent access to South County and all southern points. This professional office features an ample waiting room/reception area, a spacious administrative area, 5 private offices, storage closet and bathroom. All utilities are included in the condo fee! Low taxes! Perfect for various professional uses and an ideal satellite office for a firm needing a presence in South County. Can be sold furnished. Turn key. Call today. NOW ACCEPTING ALL PROFESSIONAL USES!
Zoning Description: Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,275 25,540 44,056
Median Age: 40.81 42.51 39.45
Households: 991 10,516 16,153

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