Tower Hill School Building

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30402021
Property Subtypes: Day Care Facility, Free-Standing Building, Other
Building Size (RSF): 7,138 SF
Gross Land Area: 10.60 Acres
Sale Price: $950,000
Unit Price: $133.09 PSF
Property Use Type: Vacant/Owner-User
Building Name: Tower Hill School Building
Usable Size (USF): 7,138 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 3/31/2019

Overview / Comments

Built in 1998 as a fully functional school facility tucked away on 10+ acres of wooded area. This building is certified by the RI Dept. of Education and offers almost unlimited opportunity to operate as a school, daycare, health and wellness facility and much more. Currently built out with 4 very large classrooms, wide open multi use area, administration offices and faculty and student bathroom facilities. Clear span allows for reconfiguration.
Approved addition of 2,500sf expansion in place.

Located on Tower Hill Road(Rt. 138) just to the north of Mooresfield Road which is the direct link to URI Campuses. Traffic count in excess of 44,000.

Highlights:
•HIGHLY FUNCTIONAL SCHOOL BUILDING
•10.6 TOTAL ACRES
•SOLID MASONRY CONSTRUCTION WITH RADIANT HEAT
•CERTIFIED BY THE RI DEPARTMENT OF EDUCATION
•HIGHEST QUALITY CONSTRUCTION AND SYSTEMS
•AVAILABLE FOR SALE OR LEASE

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $10,581 (Annual)
Tax Value Land $170,970
Tax Value Improvements $398,200
Assessed Value - Total($) $569,170 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Town of North Kingstown
Tax ID/APN: 24/001
Zoning: VLDR (VERY LOW DENSITY RURAL)
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Shermantown Road and Mooresfield Road
Property Visibility: Good
Largest Nearby Street: Mooresfield Road
Traffic/Vehicle Count: 44,547
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,138 SF
Property Condition: Excellent
Year Built: 1998
Roof Type: Arched
Construction/Siding: Block
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Radiant
Air Conditioning: Evaporative Cooler
Zoning Description: Very Low Density Rural
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,144 16,485 44,872
Median Age: 40.2 42.07 40.65
Households: 1,012 6,404 16,101

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