Blair Property

Retail-Commercial for Sale
Catylist Listing ID: 28856445
Property Subtypes: Car Wash, Garden Center, Parking Facility, Retail-Pad, Street Retail
Building Size (RSF): 2,263 SF
Gross Land Area: 47,046 SF
Sale Price: $265,000
Unit Price: $117.10 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/23/2020

Overview / Comments

Development opportunity ! Collect rents while you decide what project you may wish on this 1 acre + square foot lot. Ideal site for waterfront condos as this site is right on Lake Tiogue. The 3 unit home on the site is in very good condition. Rental net income in 2016 was $21,775 after all expenses. Site good for retail, residential condo units, pad site., possible drive thru. There is additional property available adjacent with this and another 3 family home. Lets discuss the possibilities!


Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: CO 38 1.1
Market Type: Medium
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway
Highway Access: Rt 95 7 minutes away.
Airports: Green State Airport is 20 minutes away.
Site Description: Flat land adjacent to Lake Tiogue. Currently has a 3 unit home on the site. Can keep and continue renting or use part of the site for development.
Area Description: High traffic area.
Lot Frontage: 500'
Legal Description: Plat 38Lot 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,161 58,187 106,499
Median Age: 40.71 41.05 42.38
Households: 2,446 24,135 42,552


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