143 Ridge Street

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 29976309
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 3,152 SF
Gross Land Area: 0.15 Acres
Sale Price: $135,000
Unit Price: $42.83 PSF
Property Use Type: Vacant/Owner-User
Building Name: Palmieri's Bakery
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/30/2020

Overview / Comments

A Federal Hill landmark, Palmieri's Bakery & Cafe, building is a solid masonry construction, free standing building, located at on ramp to Rt.6. Operated as a long established neighborhood bakery/café, this property offers a multitude of potential uses. Rubber roof, 3 phase electric, gas. Many possibilities for this property.

NOTE* THIS IS NOT A BANKABLE PROPERTY. BEING SOLD AS IS.
MUST BE ABLE TO PROVIDE PROOF OF AVAILABLE FUNDS PRIOR TO SHOWING. NO EXCEPTIONS.

Located directly off Broadway at the on ramp to Rt. 6. Just minutes to downtown Providence.

Highlights:
*FREE STANDING BUILDING
*GREAT HIGHWAY ACCESS
*IDEAL FOR MULTIPLE USES
*VIBRANT FEDERAL HILL ENVIRONMENT

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $8,487 (Annual)
Tax Value Land $73,900
Tax Value Improvements $156,800
Assessed Value - Total($) $230,700 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence
Tax ID/APN: 33/710
Zoning: R3
Market Type: Medium
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Broadway
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Year Built: 1940
Year Renovated: 2005
Roof Type: Arched
Construction/Siding: Block, Brick
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: 4 Off Street Parking Spaces in Front of Building.
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 56,033 255,405 450,872
Median Age: 28.71 33.28 36.26
Households: 19,583 95,180 175,785

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