Toll Gate Road over 9 acres for sale!

Industrial for Sale
Catylist Listing ID: 30165064
Property Subtypes: Light Industrial
Building Size (RSF): 25,505 SF
Gross Land Area: 9.97 Acres
Sale Price: $1,299,900
Unit Price: $50.97 PSF
Ceiling: 14 ft.
Docks/Doors: 1 Dock, 1 Door
Drive In Bays: 5 Bays
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/9/2018

Overview / Comments

Package deal! This property consists of 2 industrial buildings, 2 parcels of land and a single family home, making up almost 10 acres of highly visible land. Building 1 is a 14,394 sq ft building with store front, office space, and 5 garage bays, equaling a total of 12 rental units. Equipped with full sprinkler system. Building 2 has 11,111 sq ft of space for storage, business, and 1 loading dock. 1 single family home + 2 parcels of land are also fully rented. Great visibility on Toll Gate Road and zoned light industrial for many building opportunities (single family not zoned light ind). Close to highway access points and route 2.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $36,661 (Annual)
Potential Rental Income $213,000 (Annual)
Net Operating Income $146,774 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Highway Access: Minutes to 95 / 295
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1945
Year Renovated: 1965
Roof Type: Flat
Construction/Siding: Brick, Concrete
Parking Type: Surface
Parking Description: Ample parking, paved lot
Heat Type: Natural Gas, Oil, Space Heaters
Air Conditioning: Window Unit
Lighting: Fluorescent
Zoning Description: 1060 + 1050 are zoned light industrial. 2 parcels of vacant land. 1 single family currently used as single family
Lot Frontage: 410
Water Service: Municipal
Sewer Type: Municipal, Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,368 76,571 174,448
Median Age: 42.03 41.67 42.31
Households: 3,280 31,579 71,356

Contact

Photograph of Listing Agent

Jennifer L Petreccia

RE/MAX ADVANTAGE GROUP ECCPN Member
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