Industrial/Warehouse Building

Industrial for Sale
Catylist Listing ID: 30539782
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 29,950 SF
Gross Land Area: 0.75 Acres
Sale Price: $420,000
Unit Price: $14.02 PSF
Docks/Doors: 2 Docks
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 23 Conduit Street
Usable Size (USF): 29,950 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/22/2020

Overview / Comments

Excellent warehouse space on Lincoln/Central Falls line. 29,950 square feet. Two inside loading docks plus parking. Includes office.
Amazing value for this clean dry space.
Ideal for warehouse distribution.

Located in Industrial area of Lincoln near Central Falls line.

IMPORTANT NOTE: BUILDING IS CURRENTLY OCCUPIED BY A TENANT WITH 6 YEARS REMAINING ON ORIGINAL 10 YEAR LEASE.
LEASE TERM AS FOLLOWS: CURRENT YEAR (5) $3,750 MODIFIED GROSS, YEARS 6-7 $4,000 MODIFIED GROSS, YEARS 8-10 $4,250 MODIFIED GROSS.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $12,956 (Annual)
Tax Value Land $69,500
Tax Value Improvements $257,100
Assessed Value - Total($) $326,600 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Central Falls
Tax ID/APN: CF 10-109
Zoning: M1
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1900
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 30
X-Phase: 3 Phase
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Radiant
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,896 154,601 321,517
Median Age: 32.14 37.31 37.06
Households: 8,503 61,253 126,132

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