Lily Pads Professional Conds

Office for Sale
Catylist Listing ID: 30472695
Property Subtypes: Business Park, Executive Suites, Mixed Use, Office Building
Building Size (RSF): 7,200 SF
Gross Building Area: See Agent
Sale Price: $700,000
Unit Price: $97.22 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Average Occupancy Rate: 80
Last Updated: 9/14/2019

Overview / Comments

Lily Pads Professional Office Condo is located in the village of Peace Dale RI. It is close to Wakefield, URI, Amtrak Train service and the highway. Presently there are two tenants under lease and additional 1500 sq. ft. of empty space. You are purchasing the entire building a total of 7200 sq. ft. The lot is located on a fresh water pond. Flood insurance is thru the associations condo fee. The building was completely renovated in 1999 but many improvements have been done recently

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Tax ID/APN: SK 49-1:83
Property Visibility: Good
Highway Access: US 1
Airports: TF Green/ Providence Airport
Area Description: Historic Village/ No Historic commissions approvals needed
Number of Stories: 2
Typical SF / Floor: 7,200 SF
Year Built: 1999
Construction/Siding: Wood Frame, Wood Shingle
Parking Type: Surface
Sprinklers: Wet
Heat Type: Oil
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Fiber Optic
Zoning Description: Business/Residential
Part of Planned Development?: Yes
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Condominium

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,614 32,731 46,602
Median Age: 41.45 38.31 39.94
Households: 3,157 11,348 16,722
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