AUTOMOTIVE/INDUSTRIAL BUILDING

Industrial for Sale
Catylist Listing ID: 30586784
Property Subtypes: Flex Space, Free-Standing
Building Size (RSF): 2,400 SF
Gross Land Area: 13,750 SF
Sale Price: $310,000
Unit Price: $129.17 PSF
Drive In Bays: 3 Bays
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Clarks Automotive
Usable Size (USF): 2,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

Automotive Garage/Office/Retail/Show Room building with Superb Highway (Rt. 95) visibility. This is a brick/masonry, stand alone building, with 3 ground level 12' drive in bay doors. Office, electrical service, bathrooms (2) renovated in 2015. Very clean building with environmental reports available. Zone M2 with vast permitted uses. Currently an auto repair facility. Some business equipment is negotiable like the reclaimed oil heating system. Corner lot with 30 to 40 car capacity. Show room finished with tile floor, sales counter plastered walls and hard ceiling. Very clean building and well maintained. Tastefully renovated. Seller will consider negotiating his book of business as well.

NOTE* THIS PROPERTY IS ALSO AVAILABLE FOR LEASE. CALL FOR DETAILS.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $6,983 (Annual)
Tax Value Land $73,800
Tax Value Improvements $153,500
Assessed Value - Total($) $227,300 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Cranston
Tax ID/APN: CR 3-155-0
Zoning: M2
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Excellent
Year Built: 1968
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Amps: 200
Heat Type: Oil
Heat Source: Central
Lot Frontage: 152'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,898 181,156 370,857
Median Age: 36.31 35.53 36.63
Households: 10,453 67,482 142,326

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