Retail/Office/Flex Mixed Use

Retail-Commercial for Sale
Also listed as Office, Industrial
Catylist Listing ID: 30724717
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 25,940 SF
Gross Land Area: 20,240 SF
Sale Price: $900,000
Unit Price: $34.70 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2022

Overview / Comments

Economic Opportunity Zone. This unique property offers a mix of street retail, second floor office space, lower level warehouse/underground parking, four contractor spaces plus a small residential unit. Rear parking area with access to warehouse/underground parking garage, heated, wet sprinklers. Plus four contractor garages all currently rented month to month which can be combined with warehouse/underground parking. Main level has two retail spaces with longstanding tenants, plus a small residential unit. Upper level is office space, some renovated, some needs work, but income opportunity. New top of the line Carlisle 060TPO roofing system and insulation, transferrable 20 year warranty. Two new roof HVAC systems. New fire alarm system. Front parking lot with app 10 spaces, possible to add entrance/ramp for access to second level. Investor opportunity or perfect for owner/occupant requiring office and warehouse with a parking garage for fleet vehicles, with rental income from retail tenants. Finish office interior renovations for income.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: EP 106-190-02.00
Property Located Between: Warren Avenue exit Route 195 and Broadway
Property Visibility: Excellent
Largest Nearby Street: Broadway
Highway Access: Within 1000 feet of highway access 195/95
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1910
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Structure, Surface, Underground
Sprinklers: Wet
Heat Type: Natural Gas
Zoning Description: C-3
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,666 167,986 417,799
Median Age: 35.34 33.61 35.98
Households: 9,178 64,375 160,003


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