Tavern & Residential Redevelopment Opp

Retail-Commercial for Sale
Catylist Listing ID: 30375190
Property Subtypes: Tavern/Bar/Nightclub
Building Size (RSF): 12,408 SF
Gross Building Area: See Agent
Gross Land Area: 9,435 SF
Sale Price: $674,900
Unit Price: $54.39 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 12,408 SF
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/17/2019

Overview / Comments

Existing Tavern that is beautifully designed with full kitchen. Off street parking and free public parking across the street. The upper two levels are wide open and ready to be developed into residential lofts. Tremendous upside/add-value opportunity


Finance Data Year 2019
Real Estate Taxes - Annual($) $9,500 (Annual)
Tax Value Land $31,600
Tax Value Improvements $268,100

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Woonsocket
Tax ID/APN: WO D3-14-390
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Truman
Feet of Frontage: 200
Highway Access: Five minutes to highway
Site Description: Paved, good access and egress
Area Description: In close proximity to recently redeveloped residential condominiums and residential rental units
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 4,136 SF
Property Condition: Good
Year Built: 1890
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Recently updated exterior and rood. Windows have been replaced
Total Parking Spaces: 24
Parking Type: Surface
Parking Description: Off street parking ont he side of the building and public parking across the street
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Interior Description: Tavern has beed redesigned and looks like it could be a setting for a movie. It is perfect for pool/darts league to develop a strong customer base. Full kitchen. upper levels are redy to be built out as residential loft style units
Zoning Description: Mixed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,537 69,432 98,703
Median Age: 35.73 39.02 40.04
Households: 12,847 28,344 38,932


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