Commercial Mixed Use Iconic Building For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30775471
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Status: Pending
Building Size (RSF): 13,188 SF
Gross Building Area: See Agent
Gross Land Area: 4,000 SF
Sale Price: $4,000,000
Unit Price: $303.31 PSF
Is Quick-Service Restaurant? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.7%
Average Occupancy Rate: 90
Last Updated: 12/28/2021

Overview / Comments

Please contact the agent for more information about this listing.

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Tax ID/APN: NE 27 160
Zoning: LB LIMITED BUSINESS
Retail Clientele: General, Tourist
Property Visibility: Excellent
Largest Nearby Street: America's Cup Ave
Feet of Frontage: 131
Airports: Newport State Airpark
Site Description: Corner, heavy foot & vehicular traffic
Area Description: Waterfront Tourist Shopping District
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 4,000 SF
Property Condition: Average
Year Built: 1902
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Brick
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Baseboard
Zoning Description: Limited Business
Lot Frontage: 172 2 sides
Lot Depth: 70
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,941 37,187 48,955
Median Age: 39 40.46 41.96
Households: 5,272 16,069 21,004

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