Condo in well traveled, Trendy Location!

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30036268
Property Subtypes: Entertainment and Leisure
Building Size (RSF): 1,100 SF
Sale Price: $419,000
Name of Establishment: Albion Building Condo
Gross Revenue: $57,645 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: This 1100 square foot condominium in the Albion building located on Ocean Avenue is approved for both residential and commercial use.Perfect location for a wide variety of uses: yoga studio, florist, gallery, toy store, antique store or internet cafe... the options are endless! Generous decking on two sides for outdoor entertaining or dining while enjoying distant ocean views. Ocean views and trendy location!
Last Updated: 3/13/2019

Overview / Comments

Now is the time to take advantage of this rare opportunity to own a desirably located condominium with the luxury of being approved for either commercial or residential use.

What was once a successful café run for years, this is a perfect opening for an inspiring entrepreneur. Currently a clean slate asking for your creative energy to bring the 1,100 sq. ft. space to life. Highly trafficked Ocean Avenue brings great exposure to a potential flower shop, toy store, studio space, etc… the possibilities are endless!

One of 6 condos in the Albion Building, this second floor unit offers ocean views and a sense of privacy from the street, all while overlooking the lively conveniences of town. Renovate the area for your own private getaway, or consider the fantastic rental income potential. Savor peaceful mornings from the wrap around deck while you watch the town wake up. An easy walk to the ferry, beaches, shops and restaurants make this a perfect spot for vacationers and year-round residents alike!

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Industry Segment: Other Entertainment and Leisure
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $50,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $60,000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 943 1,051 1,051
Median Age: 49 50.41 50.41
Households: 457 514 514


Photograph of Listing Agent

Jennifer C Phillips

Phillips Real Estate ECCPN Member
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