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: |
$1,950,000 |
| Unit Price: |
$176.63 PSF |
| Ceiling: |
14 ft. |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
151 Old Tower Hill Road |
| Usable Size (USF): |
11,040 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/21/2021 |
Overview / Comments
|
Premium location with high traffic count off Route 1 in historic Wakefield. Development opportunity with access from 2 roads. Drive through potential with road frontage on Narragansett Ave West. Perfect for business with tenant income or new development. 64 parking spaces available. This property is surrounded by businesses such as Kentucky Fried Chicken, car dealerships, gas stations and a shopping plaza across the street which contains Shaws, Staples, Panera Bread, Burger King, McDonalds and People's Bank. This property is in the heart of a major thoroughfare for residents and visitors. Old Tower Hill Road is the major access point to Wakefield, while also servicing the community’s Commercial Highway district.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$21,071 (Annual) |
| Tax Value Land |
$574,400 |
| Tax Value Improvements |
$883,800 |
| Assessed Value - Total($) |
$1,458,200 (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 |
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 |
|
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