KIP'S CORNER 814 Newport Avenue, Pawtucket, RI

Retail-Commercial for Sale
KIP'S CORNER 814 Newport Avenue, Pawtucket, RI
Catylist Listing ID: 30530748
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 12,096 SF
Gross Building Area: See Agent
Sale Price: $899,000
Unit Price: $74.32 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2020

Overview / Comments

Corner of Armistice Boulevard & Newport Avenue, designated by the City of Pawtucket as Kip's Corner.

11 Store front commercial property, zoned CG with approximately 15 car parking included. Tenants are month to month, rents are below market value, rent roll is aproximately $7,800/month. Tenants are pay their own gas heat and electric.

Roof was replaced with rubber membraine approximately 4.5 years ago.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PA 270938
Retail Clientele: Family, Business
Property Located Between: Armistice Blvd & Newport Avenue
Property Visibility: Excellent
Site Description: Corner location, high traffic, great visibility
Area Description: Commercial, Mixed Use, Single Family
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Roof Type: Flat
Construction/Siding: Concrete
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Rear of building off Littlefield.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Window Unit
Zoning Description: CG
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,268 139,290 327,808
Median Age: 37.4 37.51 35.7
Households: 10,512 56,238 126,701


Photograph of Listing Agent

Brenda L Marchwicki

BisMarc Properties, LLC
ECCPN Member
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