Lima Auto Body
Expired Retail-Commercial
for Sale
| Catylist Listing ID: |
30665199 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Street Retail, Vehicle Related
|
| Building Size (RSF): |
4,014 SF
|
| Gross Land Area: |
15,987 SF
|
| Sale Price: |
$599,000 |
| Unit Price: |
$149.23 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Business |
| Building Name: |
Limas Auto Body |
| Usable Size (USF): |
4,014 SF |
| Core Factor: |
4,014% |
| Sale Terms: |
Cash to Seller |
| Auction License Number: |
N/A |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/5/2021 |
Overview / Comments
|
A full functioning auto body shop and auto sales consisting of 4,014 sf facility with 4 drive-in doors, spray booth with air filtration system, paint mixing room repair areas, storage and private offices. Parking area is paved, fenced, and has a pylon sign. Lot fronts on 3 Streets - Main St., Remington St, and Rice St. Building has been well maintained, clean, and multifunctional. Property includes a legal 2 unit duplex with tenants in place. Price reflects garage, duplex , the business and its inventory. Building is ideal for many uses like trades, vehicle storage, work shop, retail store, and more. Square foot reflects garage only and not the duplex. Parking for approximately 32 vehicles.
|
Additional Details
| Nearest MSA: |
Providence-Warwick |
| County: |
Kent |
| Taxing Authority: |
Kent County |
| Tax ID/APN: |
WW 009-0098-0-000 |
| Zoning: |
BUSINESS |
| Retail Clientele: |
Business |
| Property Located Between: |
Main St., Remington St., and Rice St. |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Main St |
| Feet of Frontage: |
136 |
| Traffic/Vehicle Count: |
10,000 |
| Highway Access: |
2.3 miles to Rt. 95 at exit 7 at New London Ave. Approximately 2.5 miles to Rt. 95 at exit 7 and Rt 2. |
| Airports: |
TF Green Airport is 6.3 miles away. |
| Site Description: |
Property is a corner lot that fronts on Main Street, Rice Street & Remington Street. There is a multifamily unit to the rear of the auto body shop that is included in the lot. There is a small parking lot to the rear and right sand of the auto body shop. |
| Area Description: |
Lot located in business district of West Warwick. Surrounded by other Main Street businesses and residential homes. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
4,014 SF |
| Property Condition: |
Good |
| Year Built: |
1921 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
Wood frame structure with 4 drive-in doors, parking lot, additional residential duplex, small garage, and fenced parking lot. |
| Total Parking Spaces: |
32 |
| Parking Ratio: |
7.5 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Lot located on the right hand side and to the rear of the auto body shop. It is surrounded by 3 corrugated metal fences. There are 3 curb cuts to the property. |
| Heat Type: |
Natural Gas, Oil |
| Heat Source: |
Ceiling Units |
| Internet Access: |
Cable |
| Interior Description: |
The interior is largely open with overhead doors on the east and west sides of the main area, retail counter, spray both with 2 overhead doors, mixing room, lavette, & 2 offices. Includes air infiltration systems, fire suppression in spray boot. The building has no interior columns. |
| Zoning Description: |
Business |
| Lot Frontage: |
136 |
| Lot Depth: |
172 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,762 |
67,723 |
128,187 |
| Median Age: |
39.65 |
42.04 |
42.62 |
| Households: |
8,838 |
28,711 |
51,833 |
|
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