Hardware Store and Real Estate

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30714790
Property Subtypes: Mixed Use, Other
Building Size (RSF): 3,628 SF
Gross Building Area: See Agent
Gross Land Area: 36,590 - 36,560 SF
Sale Price: $1,150,000
Unit Price: $316.98 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Business
Building Name: Hardware Store
Usable Size (USF): 3,628 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

Over 30 year old independently run hardware store in South County RI. This locally operated store is a tremendous resource to contractors, municipalities, farms, year-round and seasonal vacation homes in this captive marketplace. This business has clearly filled a niche with an established and expanding customer base along the south shore of Washington County. The property consists of a retail store, office, storage and a residential 2 bedroom apartment that provides additional income as a rental. There are multiple outbuildings, storage sheds and pods. Also multiple coal bins and large pre-engineered metal warehouse/garage outbuilding. This unique business is geared to support contractors and southern Rhode island consumers with plumbing, electrical, cleaning, and painting sundries, lawn and garden supplies and much more. The store also carries and delivers bulk coal as well as pellets and has a propane filling station. Other services include key making, sharpening services, faxing, copying and laminating. Assets include a skid steer, coal truck and new POS (point of sale) system. There are many opportunities to expand the business model and capitalize on the home improvement trends in a very attractive geography with a stable and growing customer base. This is a time-proven opportunity to own and run your own business and make a very good living for an owner or investor.

Attachments & Media

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Town of South Kingstown
Tax ID/APN: CH 13-169-
Zoning: C2 MIXED USE MDL -94
Retail Clientele: General
Property Located Between: Ridgewood Road and Charlestown Beach Road
Property Visibility: Good
Largest Nearby Street: Route 1 South
Highway Access: Follow 1A to route 1 North or South
Airports: TF Green International Airport / Warwick RI , Westerly airport
Site Description: Level gently sloping to the rear of the lot . Paved parking 25 spaces
Area Description: This is a South Shore local full service Hardware store servicing Southern Rhode Island between South Kingstown and Westerly . A good mix of year round and summer vacation homes from modest cottages to multi- million dollar shoreline homes.
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1960
Year Renovated: 1980
Exterior Description: Retail store and residential apartment wood frame construction with cedar shingles (south side resided 2021) Pre-engineered steel frame building in rear . Also Sheds and steel pods.
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: 25 parking spaces Level and paved
Heat Type: Oil
Heat Source: Baseboard, Other
Air Conditioning: Other
Internet Access: Cable, Fiber Optic
Interior Description: The retail store is wood frame construction with front area check out and isle shelving throughout the store with office area and storage on main level . Upstairs is a 2 bedroom apartment with kitchen and full bath .
Zoning Description: C-2 Mixed Use
Lot Frontage: 140
Lot Depth: 250
Water Service: Well
Sewer Type: Septic
Easements Description: Property fronts on Ridgewood Road just south of Post road and is paved road with easy access to Stores parking lot and 25 parking spaces .
Land Ownership: Fee simple
Legal Description: Found at Book 0374 page 0898 in the Land Evidence records Charlestown Town Hall

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,726 14,655
Median Age: 48.12 47.76
Households: 4,089 6,071

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