Commercial Properties

Industrial for Sale
Catylist Listing ID: 30501845
Property Subtypes: Free-Standing, Mixed Use
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Sale Price: $725,000 - 1,700,000
Unit Price: $145 - 340 PSF
Office SF: 400 SF
Property Use Type: Vacant/Owner-User
Building Name: 87 Franklin St and 3 Equity Lane
Sale Terms: Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/7/2019

Overview / Comments

Property consists 87 Franklin Street. 3 Equity Lane and possible third or forth site.  This property could provide broad spectrum of potential build outs.  See attached Zoning Tables. Available utilities include city water, sewer and gas. No Flood Hazard Zone exists.  Property is located on the westerly side of Franklin St.
TRAFFIC COUNT: 22,700 daily Great highway locations, Route 78 to Interstate 95 (I95), Airport Road to RI beaches and Westerly Airport 1.3 miles away (4 minutes), Route 2 to Casinos, Route 1 to Narragansett and Newport areas (30 minutes) and Westerly Amtrak 1.8 miles away (6 minutes). Walk to grocery, shopping, medical, hospital and professional business easily.  Also available as a package see  
MLS#

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Tax ID/APN: WY 88-14
Zoning: HC
Property Located Between: Granite St and Franklin St and Shore Road/Post Road.
Highway Access: Nearby (15 mins)
Rail Access: Yes
Airports: Nearby
Site Description: Commercial and some residential
Area Description: High Visibility
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,000 SF
Property Condition: Average
Year Built: 1954
Year Renovated: 2000
Construction/Siding: Other
Exterior Description: N/A, selling as a commercial package. Includes 2 sites plus possible third and forth site.
Parking Type: Surface
Zoning Description: High Visibility commercial property.
Lot Frontage: 109 and 72 frontage
Lot Depth: 150-320
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,972 27,186 37,241
Median Age: 46.26 43.12 44.32
Households: 2,252 11,653 15,896

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