Rt 2 Prime Development Site

Office for Sale
Sale Pending
Catylist Listing ID: 30211981
Property Subtypes: Business Park, Office Building, Other
Status: Pending
Building Size (RSF): 2,000 SF
Gross Land Area: 1.67 Acres
Sale Price: $350,000
Unit Price: $175 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/26/2020

Overview / Comments

1.67 acres Prime Development Site with 260' frontage on Rt. 2, in East Greenwich across from the former Bostitch building. Located between Frenchtown Road and Middle Road, 1/4 mile north of Frenchtown Road, comp plan calls for LIO- light industrial/office. Currently F1 for original owner, a single family home on site approx 2,000 on 2 floors, plus garage and walkout basement. Could be rehabbed and added to for Cafe or other uses. Mixed use, 12,000 office...many options
Gas and sewer in street. Town water and landscape well in house.
Assessment $347,400, Taxes $8376.
Recent survey attached.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: 11 86
Zoning: LIO- LIGHT INDUSTRIAL OFFICE PER COMP PLAN (CURRENTLY F1)
Property Located Between: Middle & Frenchtown Rds
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Roof Type: Gable
Construction/Siding: Wood Frame
Sprinklers: None
Heat Type: Oil
Heat Source: Central
Air Conditioning: Window Unit
Zoning Description: currently residential but Office either side and mobile home park to rear, Town Plan calls for Lt Ind/Office
Lot Frontage: 260
Lot Depth: 290+
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,165 32,268 91,277
Median Age: 46.85 43.64 43.14
Households: 1,531 12,904 38,234

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