Reservoir Avenue Top Location
Retail-Commercial
for Sale
| Catylist Listing ID: |
30706210 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
1,880 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
8,792 SF
|
| Sale Price: |
$350,000 |
| Unit Price: |
$186.17 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Usable Size (USF): |
1,880 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/18/2021 |
Overview / Comments
This free standing building located on busy 4 lane Reservoir Avenue/Rt 2 is in fantastic move in condition near Garden City for multiple commercial uses, including Hair Salon, Medical Services, Retail, Office and Service businesses. The ground floor of 1,350 square feet is divided into reception area, business office, waiting areas and four treatment rooms. The second floor is divided into 3 treatment rooms with an available modular sauna. The space is heated with baseboard hot water and there are 3 zones of air conditioning throughout. The full basement is ideal for dry storage and possible expansion.
This corner location has great visibility and access and there are 7 on site parking spaces in addition to the street parking on the Jackson Road frontage. All systems are modern and updated including electrical, heat and hvac. The current use is a Salon, with many fixtures in place to support this re-use along with private treatment rooms for practitioners and stylists.
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Additional Details
| Nearest MSA: |
Providence-Warwick |
| County: |
Providence |
| Tax ID/APN: |
CR 11-3020-0 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business |
| Property Located Between: |
Corner of Reservoir and Jackson Rd. |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
131 |
| Highway Access: |
Rt 2 location near Rt. 37 interchange |
| Airports: |
Greene State Airport |
| Site Description: |
1221 Reservoir is located at the corner of Jackson St, just a couple blocks south of the Garden City Center retail Power Center and close to Chapel Hill Retail and Whole Foods. |
| Area Description: |
High Traffic Reservoir Avenue close to Garden City Center, Chapel Hill Retail Center and the excellent demographics of Garden City neighborhoods. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
1,350 SF |
| Property Condition: |
Excellent |
| Construction/Siding: |
Brick/Vinyl Siding |
| Exterior Description: |
Corner location with large lot and on site parking. |
| Total Parking Spaces: |
7 |
| Parking Type: |
Surface |
| Parking Description: |
7 on site paved parking space along with street parking on side street frontage. |
| Sprinklers: |
None |
| Heat Type: |
Oil, Hot Water |
| Heat Source: |
Baseboard, Central |
| Air Conditioning: |
Engineered System, Package Unit |
| Interior Description: |
Fully updated interior finishes with reception, business office, waiting areas and 4 treatment rooms/offices. |
| Zoning Description: |
Commercial zoning |
| Lot Frontage: |
131 linear feet |
| Lot Depth: |
100 feet |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
17,404 |
149,101 |
350,618 |
| Median Age: |
45.84 |
37.34 |
36.55 |
| Households: |
7,746 |
55,318 |
134,108 |
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