Cowesett Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30761495
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Other
Building Size (RSF): 3,264 SF
Gross Building Area: 5,667 SF
Gross Land Area: 29,708 SF
Sale Price: $595,000
Unit Price: $182.29 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/15/2021

Overview / Comments

Fantastic Investment Opportunity! Lots 284 and 288.
Large Corner Lot, 0.68 acres with Traffic Light across from a Cumberland Farms.
Property consists of 2 lots, 284 and 288 Cowesett Avenue with 3 existing retail structures (2 stand alone retail and 1 single family with retail) and large parking area. As is Investment Opportunity with rental income. Current Annual Income $44,400, below market rate. Live and Rent!

Possible Development Opportunity: uses Bank or other Financial institution, Restaurant/drive through, Retail or Office!

Long term Tenants in place. Do not disturb.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: WW 028-0390-0-000 and 028-0060-0-000
Retail Clientele: General, Family, Business
Property Located Between: Corner of Cowesett Ave and Cochran St
Property Visibility: Excellent
Largest Nearby Street: Quaker Lane
Feet of Frontage: 194
Highway Access: Rt 2 and I-95
Airports: TF Green (PVD)
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Heat Type: Oil
Zoning Description: Primary Zoning Business
Lot Frontage: 194 ft
Lot Depth: 167 ft
Water Service: Municipal
Sewer Type: Municipal, Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,773 67,974 139,613
Median Age: 44.02 41.98 42.64
Households: 6,102 29,316 56,907


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