985 Aquidneck Ave

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30053264
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 5,100 SF
Gross Building Area: See Agent
Sale Price: $859,000
Unit Price: $168.43 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/21/2019

Overview / Comments

Now is the time to take advantage of this rare development opportunity on Aquidneck Avenue and Trimble Lane. A good corner location currently has two commercial buildings with large open space. Please contact us for easy showings. Sale subject to owner and zoning approvals for all uses.

Two existing Buildings:
1) Bar/Club ~1,500 sf Wood Frame Commercial Bldg
Heat/AC Gas Forced Air Central AC
~1,000 sf Parking

2) Automotive Painting & Repair
~3,600 sf Metal Bldg,
12? Ceilings w/mezzanine
Heat Forced Hot Air Oil Fired
Built 1960
~3,000 sf Parking
Septic system with connection available.
Water source is currently from neighbor’s well which shall be disconnected at sale.

Additional Details

Nearest MSA: Providence-Warwick
County: Newport
Tax ID/APN: MI 113 208

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,964 41,107 52,119
Median Age: 47.43 40.7 41.49
Households: 2,638 17,711 21,942


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