South County Trail

Retail-Commercial for Sale
Catylist Listing ID: 30667288
Property Subtypes: Service Station/Gas Station
Building Size (RSF): 3,827 SF
Gross Land Area: 2.40 Acres
Sale Price: $599,900
Unit Price: $156.75 PSF
Property Use Type: Vacant/Owner-User
Building Name: Jim's Custom Exhaust
Usable Size (USF): 3,827 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/19/2020

Overview / Comments

Long established auto service center located on busy state road. Offers 5 bay garage each with a lift, customer waiting room and ample office space.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,855 (Annual)
Tax Value Land $168,500
Tax Value Improvements $155,800
Tax Value Personal Property $30,143
Assessed Value - Total($) $354,443 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: South Kingstown
Tax ID/APN: SK 13:27
Zoning: R-200
Retail Clientele: General, Family, Other
Property Located Between: Kingstown Road (Route 138) and Waites Corner Road
Property Visibility: Excellent
Largest Nearby Street: Kingstown Road (Route 138)
Traffic/Vehicle Count: 7,000
Highway Access: Route 95 at exit 3: 7 miles west on Route 138. Route 4 at exit 3: 9 miles north on Route 2.
Airports: T.F. Green 18 miles to north; Richmond Airport 4 miles west.
Site Description: Level lot at road grade approximately 50% cleared with great visibility from the road in both directions.
Area Description: Largely residential with commercial and industrial uses very close by. URI and the AMTRAK station are within 5 minutes on Route 138. This is the only automotive service facility anywhere within miles.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,024 SF
Property Condition: Average
Year Built: 1960
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Block, Wood Frame, Wood Siding
Exterior Description: Painted concrete block structure with frame upper level and roof. Rubber membrane roof in 2005. Five OH doors at 10' and 12', all insulated. Newer windows with insulated glass and plexi-glass protection on inside. Overall condition is good/average
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Open gravel lot spaces are unmarked.
Sprinklers: None
Heat Type: Oil
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Gigabit, Fiber Optic
Interior Description: Five good size service bays all with lifts (1 in ground lift, 2 chassis lifts; 2 drive-on lifts. Customer waiting room; small office; lavette on 1st floor; larger office, lunch room and full bath on 2nd floor. Building heated by 2 FWA systems, one is AC ready.
Zoning Description: R-200 - residential 200,000 sqft minimum. Lot is legal non-conforming lot of record. Use is grandfathered.
Lot Frontage: 576 ft
Lot Depth: 25' average
Water Service: Well
Sewer Type: Septic
Easements Description: None
Land Ownership: Fee Simple
Legal Description: Can be found at Book 638, Page 258

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,318 38,806
Median Age: 34.06 39.08
Households: 4,004 12,766

Contact

Photograph of Listing Agent

The Daglieri Team

RE/MAX FLAGSHIP, INC. ECCPN Member
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