1657 Main Street

Retail-Commercial for Sale
Catylist Listing ID: 30665207
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Vehicle Related
Building Size (RSF): 4,014 SF
Gross Land Area: 15,987 SF
Sale Price: $449,000
Unit Price: $111.86 PSF
Ceiling: 9 ft.
Property Use Type: Business
Building Name: Lima Auto Body
Usable Size (USF): 4,014 SF
Core Factor: 4,014%
Sale Terms: Cash to Seller
Auction License Number: N/A
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/20/2020

Overview / Comments

A full functioning auto body shop and auto sales consisting of 4,014 sf facility with 4 drive-in doors, spray booth with air filtration system, paint mixing room repair areas, storage and private offices. Parking area is paved, fenced, and has a pylon sign. Lot fronts on 3 Streets - Main St., Remington St, and Rice St. Building has been well maintained, clean, and multifunctional. Property includes a legal 2 unit duplex with tenants in place. Price reflects garage and duplex but not the inventory or business which are negotiable. Building is ideal for many uses like trades, vehicle storage, work shop, retail store, and more. Square foot reflects garage only and not the duplex. Parking for approximately 32 vehicles.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: Kent County
Tax ID/APN: WW 009-0098-0-000
Zoning: BUSINESS
Retail Clientele: Business
Property Located Between: Main St., Remington St., and Rice St.
Property Visibility: Good
Largest Nearby Street: Main St
Feet of Frontage: 136
Traffic/Vehicle Count: 10,000
Highway Access: 2.3 miles to Rt. 95 at exit 7 at New London Ave. Approximately 2.5 miles to Rt. 95 at exit 7 and Rt 2.
Airports: TF Green Airport is 6.3 miles away.
Site Description: Property is a corner lot that fronts on Main Street, Rice Street & Remington Street. There is a multifamily unit to the rear of the auto body shop that is included in the lot. There is a small parking lot to the rear and right sand of the auto body shop.
Area Description: Lot located in business district of West Warwick. Surrounded by other Main Street businesses and residential properties.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 4,014 SF
Property Condition: Good
Year Built: 1921
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Wood frame structure with 4 drive-in doors, parking lot, additional residential duplex, small garage, and fenced parking lot.
Total Parking Spaces: 32
Parking Ratio: 7.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Lot located on the right hand side and to the rear of the auto body shop. It is surrounded by 3 metal fences. There are 3 curb cuts into the property.
Heat Type: Natural Gas, Oil
Heat Source: Ceiling Units
Internet Access: Cable
Interior Description: The interior is largely open with overhead doors on the east and west sides of the main area, retail counter, spray both with 2 overhead doors, mixing room, lavette, & 2 offices. Includes air infiltration systems, fire suppression in spray boot. The building has no interior columns.
Zoning Description: Business
Lot Frontage: 136
Lot Depth: 172
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,762 67,723 128,187
Median Age: 39.65 42.04 42.62
Households: 8,838 28,711 51,833

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