151 Old Tower Hill Rd

Retail-Commercial for Sale
Catylist Listing ID: 30340851
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Other
Building Size (RSF): 11,040 SF
Gross Land Area: 0.91 Acres
Sale Price: $2,100,000
Unit Price: $190.22 PSF
Ceiling: 14 ft.
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Building Name: 151 Old Tower Hill Road
Usable Size (USF): 11,040 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2020

Overview / Comments

Premium location with high traffic count off Route 1 in historic Wakefield. Development opportunity with access from 2 roads. Drive through potential with road frontage on Narragansett Ave West. Perfect for business with tenant income or new development. 64 parking spaces available. This property is surrounded by businesses such as Kentucky Fried Chicken, car dealerships, gas stations and a shopping plaza across the street which contains Shaws, Staples, Panera Bread, Burger King, McDonalds and People's Bank. This property is in the heart of a major thoroughfare for residents and visitors. Old Tower Hill Road is the major access point to Wakefield, while also servicing the community’s Commercial Highway district.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $19,869 (Annual)
Tax Value Land $526,400
Tax Value Improvements $771,400
Assessed Value - Total($) $1,297,800 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Narragansett
Tax ID/APN: SK 57-2:51
Zoning: COMMERCIAL HIGHWAY
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Kentucky Fried Chicken & Citgo Station
Property Visibility: Excellent
Largest Nearby Street: Old Tower Hill Road
Feet of Frontage: 214
Highway Access: US Route 1
Site Description: level paved lot, high traffic count
Area Description: historic Wakefield
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,040 SF
Property Condition: Excellent
Year Built: 1978
Roof Type: Flat
Construction/Siding: Brick/Aluminum Siding
Total Parking Spaces: 64
Parking Type: Surface
Parking Description: Paved, marked and level
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Subdividable, 14ft ceilings, expansive storefront windows
Zoning Description: Commercial Highway
Lot Frontage: 214
Lot Depth: 205
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,499 27,646 47,200
Median Age: 44.96 42.25 39.5
Households: 1,688 11,371 17,165

Contact

Photograph of Listing Agent

Andy Schilke

Schilke Realty ECCPN Member
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