Great Retail W. Warwick Excellent Condition (Restaurant Separate)

Retail-Commercial for Sale
Catylist Listing ID: 30545272
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Other
Building Size (RSF): 3,075 SF
Gross Building Area: See Agent
Sale Price: $439,900
Unit Price: $143.06 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 45 Quaker Lane
Usable Size (USF): 3,075 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/25/2020

Overview / Comments

FOR SALE is a 2-Unit commercial building constructed in 1987, currently housing 1. a restaurant and 2. a salon. The building is available ONLY in conjunction with the successful Miss Cranston Diner, though the restaurant is available separately ($185k), at the current rent.

RENTS
Restaurant $3500.00*
Salon $1300.00
TTL $4800.00

Please call to discuss with Pete or Frank anytime.

*RESTAURANT AVAILABLE SEPARATELY (WITH LIQUOR LICENSE). Currently being operated very successfully by building owners.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: West Warwick
Tax ID/APN: WW 027-0523-0-000
Zoning: B
Retail Clientele: General, Family, Business, Other
Property Located Between: Rt. 2 Bald Hill Rd. and Rt. 117
Property Visibility: Excellent
Largest Nearby Street: Rt. 2 Bald Hill Rd.
Feet of Frontage: 78
Highway Access: Easy access to Rt. 2, Rt. 95, Rt. 4.
Airports: PVD
Site Description: Tax Card: https://nereval.com/PropertyDetail.aspx?town=West%20Warwick&accountnumber=8354&card=1
Area Description: High-traffic area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1987
Construction/Siding: Brick
Exterior Description: L-shaped building housing 2 commercial units, fronting Quaker Ln.
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Adjacent: 23-25 vehicles.
Interior Description: 1. Restaurant 2. Salon
Zoning Description: Tax Card: https://nereval.com/PropertyDetail.aspx?town=West%20Warwick&accountnumber=8354&card=1
Land Ownership: Owners

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,071 76,797 148,895
Median Age: 45.19 42.13 42.58
Households: 3,650 33,192 60,378

Contact

Photograph of Listing Agent

Peter Elliott

Prime Time Properties, Inc.
ECCPN Member
Photograph of Listing Agent

Frank S Miele

Prime Time Properties, Inc.
ECCPN Member
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