Multi-Use Building for Offices/Retail & More at RI-1, Wakefield

Retail-Commercial for Sale
Catylist Listing ID: 30464963
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility
Building Size (RSF): 4,488 SF
Gross Building Area: 4,520 SF
Gross Land Area: 1.48 Acres
Sale Price: $950,000
Unit Price: $211.68 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: Cox Electric
Usable Size (USF): 4,472 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2019

Overview / Comments

High-exposure Route 1 gateway to Narragansett-Wakefield business centers. Large 1.48-acre lot with 4,488 sq.ft. split-story office-retail building. Ample expansion possibilities. Special zoning allows multi- uses: residential up to 30 units, retail, offices, light industrial, hotels/motels, restaurants, etc., etc., etc. Sub-dividable.

Attachments & Media

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: South Kingstown
Tax ID/APN: SK 50-4:14
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Route 1
Feet of Frontage: 150
Highway Access: Route One, across from Washington County Courthouse, Department of Motor Vehicles, etc.
Site Description: 1.48-acre lot (64,468 sq. ft.), slightly sloped toward Route 1. Lawn and nicely landscaped public entryway. Building is in middle of lot. Parking area. Septic is at rear of lot. There is potential to expand at side lot line.
Area Description: Property is at the entry point to the Narragansett and Wakefield commercial centers, just south of South County Commons..
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1977
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Exterior Description: See photos.
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Paved parking area for 10-12 vehicles. have design plan for 40 additional spaces.
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: See floor plan. Past uses were doctors' offices, law offices. Presently, offices are for retail, off-site venture.
Zoning Description: South Kingstown "Route 1 Special Management District," Section 605
Lot Frontage: 150`
Lot Depth: 197
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other
Easements Description: Entry driveway shared with abutting 5-unit residential condominium ownership. Agreement in place.
Legal Description: Plat 50-4. Lot 14. Deed book 1647, Page 157.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,132 28,110 48,249
Median Age: 49.92 41.71 39.82
Households: 1,085 11,626 17,570


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