Masonry Building w/Full Basement

Retail-Commercial for Sale
Catylist Listing ID: 30628385
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 2,800 SF
Gross Building Area: 5,100 SF
Gross Land Area: 0.26 Acres
Sale Price: $480,000
Unit Price: $171.43 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Gaipo Meat Market
Usable Size (USF): 2,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2020

Overview / Comments

Solid masonry single story building on South Broadway. This building has been the home to Gaipo's Meat Market for over 30 years. Business is available for purchase or building can be purchased separately. Ideal high traffic retail location and just minutes off Route 195. The building has a full dry basement with steel beam construction that is equipped with sprinklers. Parking for 15-20 vehicles. Currently equipped with a 4' hood and Ansul system, 3 bay sink, walk in cooler and freezer, display cases and much more.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $8,212 (Annual)
Tax Value Land $123,600
Tax Value Improvements $200,600
Assessed Value - Total($) $324,200 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of East Providence
Tax ID/APN: EP 207-120-13.00
Zoning: C2
Retail Clientele: General, Family, Business
Property Located Between: Warren Avenue and Veterans Parkway
Property Visibility: Excellent
Largest Nearby Street: Warren Avenue
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,800 SF
Property Condition: Excellent
Year Built: 1991
Roof Type: Arched
Construction/Siding: Block
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,643 152,156 395,337
Median Age: 38.36 34.48 36.04
Households: 8,495 58,837 150,882

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