Mixed Use Live Work Building

Retail-Commercial for Sale
Catylist Listing ID: 30664629
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 1,482 SF
Gross Building Area: 2,340 SF
Gross Land Area: 0.14 Acres
Sale Price: $199,900
Unit Price: $134.89 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 632 Warwick Avenue
Usable Size (USF): 1,482 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2020

Overview / Comments

Mixed use building in impeccable condition. This property consists of a total of 1,482sf of space on 2 floors, plus an additional 780sf basement with lots of room for storage. All new pine plank flooring throughout. The first floor provides for handicap access with new ramp, new HVAC, ADA bathroom, 2 rooms with sinks, kitchen, and a spacious front room with built in counter. The 2nd floor is a fully renovated 1 bedroom apartment with separate entrance which would make for an ideal live/work or rent it out for additional income. Utilities are separate for each unit with new furnace for 1st floor. Property is also equipped with a new fire alarm system and security system. Available space for signage on high traffic/visibility Warwick Avenue.

HIGHLIGHTS:

*HIGH VISIBILITY
*HIGH TRAFFIC
*EXCELLENT CONDITION
*IDEAL LIVE/WORK
*MINUTES TO HIGHWAY ACCESS
*NEW HVAC

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,700 (Annual)
Tax Value Land $62,500
Tax Value Improvements $91,300
Assessed Value - Total($) $153,800 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: City of Warwick
Tax ID/APN: WK 293 54
Zoning: GB
Retail Clientele: General, Family, Business, Recreation
Property Visibility: Excellent
Largest Nearby Street: Post Road
Traffic/Vehicle Count: 20,466
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 800 SF
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2018
Roof Type: Arched
Total Parking Spaces: 8
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,089 118,251 326,604
Median Age: 42.3 38.89 37.28
Households: 7,084 45,046 125,145

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