Airport Redevelopment

Vacant Land for Sale
Catylist Listing ID: 30514869
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Self Storage, Other
Gross Land Area: 30,000 SF
Sale Price: $895,000
Unit Price: $29.83 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2020

Overview / Comments

This property is zoned for redevelopment . Across the street from the Green International Airport. Currently there is 2 buildings on the site. One is used for storage now and is made up of 3436 sf and the other building is 13,500sf. Both are rented for a total of $69,000 annually by long term tenants that are now month to month. Keep tenants in place while doing redevelopment plans.

State tax incentives available. Diagonally across the street from the train station and the parking garage.

Zoned for a 70 foot height and zero setbacks.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: Warwick
Tax ID/APN: WK 323 416
Zoning: INTERMODEL REDEVELOPMENT ZONE
Property Located Between: Post Rd , Rt 1 and Jefferson Blvd
Property Visibility: Excellent
Legal Description: Plat 323 Lots 416 and 424
Largest Nearby Street: Post Rd
Highway Access: Around the corner access to I-pr and I-295
Airports: Green State Airport across the street.
Site Description: L shaped configuration Lot 426 is potentially available
Area Description: Heavy traffic on Rt 1 and Jefferson Blvd , both main commercial corridors.
Zoning Description: Intermodel
Topography: Level
Soil Type: Gravel
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,702 90,356 232,487
Median Age: 44.15 43.35 40.98
Households: 2,920 37,177 94,101

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