Aquidneck Ave Flex Space

Industrial for Sale
Catylist Listing ID: 30215157
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Condo? Yes
Building Size (RSF): 3,919 SF
Gross Land Area: 14,330 SF
Sale Price: $550,000
Office SF: 2,100 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/7/2018

Overview / Comments

Large Flex Space condo offered up for sale for the first time. Space comes with a 12' garage door, office space, a retail entry shop space and additional work space in 2 floors of area. Rear end of the lot offers privacy with plenty of parking and storage. Gas radiant heat as well as central air. Great for a wide range of uses.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $8,360 (Annual)
Tax Value Land $0
Tax Value Improvements $409,000
Tax Value Personal Property $0
Assessed Value - Total($) $409,000 (Annual)
Potential Rental Income $36,000 (Annual)
Net Operating Income $24,280 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Is Condo?: Yes
Zoning: LBA
Property Located Between: East Main Rd & Green End Ave
Highway Access: East Main Rd is <.25 miles down the road with minutes to rt 24, Newport Bridge, Navy Base
Site Description: 14,330SF Limited Common Area lot of the association, several defined parking spaces
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,200 SF
Property Condition: Average
Year Built: 2000
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Exterior Description: Well maintained steel building
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 10
Sprinklers: Other
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Radiant
Air Conditioning: Engineered System
Lighting: Other
Internet Access: Cable
Zoning Description: LBa
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities, Other
Easements Description: Utility easement to the south for power lines, Water line easement up driveway to residential property behind the development
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,569 39,379 52,119
Median Age: 46.61 41.03 41.49
Households: 3,254 17,134 21,942

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