1277 Jefferson Blvd

Industrial for Sale
Catylist Listing ID: 30255666
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom
Building Size (RSF): 4,920 SF
Gross Land Area: 18,295 SF
Sale Price: $349,900
Unit Price: $71.12 PSF
Property Use Type: Investment
Building Name: 1277 Jefferson Blvd Offices
Usable Size (USF): 4,800 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

This property is zoned light industrial but currently made up for 5 office type spaces. Can be combined to make full floor suites on each floor. 4 units are above grade and one partially below grade..
Can be rented separately or joined together on each floor.
Great for someone who has a fleet of trucks or equipment that they may wish to park to the rear. Could use lower level walkout space for materials, supplies ,office etc . Upper 4 Offices can be rented for income. to subsidize purchase. Parking for them up front.
Building is for the most part maintenance free. Vinyl sided and newer windows. Has Central A/c in the building but separate meters for each of the 5 units.. 4 units rented should bring in $3000-$3500 total. You would still have use of the yard and lower level space of about 1500sf. It is possible to putt in an overhead door on that level. Appears they may have had one there before.
Great location. EZ highway access and great visibility. Hard to find lot and location . Good for vehicle outdoor storage or equipment. Borders 3 streets . Easily can be fenced in.
Taxes $8427

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: City of Warwick
Zoning: LIGHT INDUSTRIAL
Property Located Between: Main Ave , near Greenwood Inn
Highway Access: 1 minute away
Airports: 6 minutes away
Site Description: Building is located on Industrial zoned land.
Area Description: Mixed industrial, offices , R& D
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,500 SF
Year Built: 1977
Roof Type: Mansard
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl siding and shakes. Newer windows.
Parking Type: Surface
Parking Description: Ample
Sprinklers: None
X-Phase: 3 phas
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: Can be configured a couple of different ways.
Zoning Description: Lt Industrial land
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: FS
Legal Description: Plat 268 lot 542 and 541

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,027 79,924 200,189
Median Age: 43.81 43.08 42.16
Households: 3,720 32,597 82,504

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