5 unit Plaza at Rt 95 exit 6, Rt 3

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30465149
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Status: Pending
Building Size (RSF): 5,300 SF
Gross Land Area: 2.20 Acres
Sale Price: $585,000
Unit Price: $110.38 PSF
Has Drive-Thru? Yes
Property Use Type: Investment
Building Name: Community Bruin Brewery fka Tim Hortons Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/2/2021

Overview / Comments

Two buildings; former Tim Horton (Bruin Co) Drive-Thru (Athena's Coffee) plus
Separate 3700' plaza with 4 tenants, Piecing with Poppers Quilt Center, Quilt Classroom Wood Geeks Closets, Salon.
Very well maintained, many recent improvements, good tenants. On Rt 3, Just 1/4 mile North of Rt 95 exit 6.
2019 - Assessed at $683,300, Taxes $16,515. Gross Income $69,000


Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Retail Clientele: General
Property Located Between: at Rt 95 exit 6 Rt 3
Property Visibility: Excellent
Largest Nearby Street: Rt 3 & Rt 95
Highway Access: 30 seconds from 95
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1995
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 20
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: hwy bus
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,242 15,328 67,879
Median Age: 59.28 46.03 41.38
Households: 636 6,210 27,044


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