Retail Commercial for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30700117
Property Subtypes: Street Retail, Vehicle Related, Other
Building Size (RSF): 8,580 SF
Gross Building Area: 11,400 SF
Sale Price: $699,900
Unit Price: $81.57 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 11,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/4/2021

Overview / Comments

Wyoming RI central business district mixed use 11,400 SF of retail, office, auto, etc. plus 750 SF apartment. High exposure on two major arteries with easy on and off Rt 95 N and S. Some vacant space for owner user. Busy corner with lots of parking. REDUCED TO $699,900

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Town of Richmond
Tax ID/APN: RI 04B/039-000
Retail Clientele: General, Business, Other
Largest Nearby Street: Route 138 and Route 195
Feet of Frontage: 326
Traffic/Vehicle Count: 45,800
Highway Access: Subject is at the corner of Route 138 and Route 3 with easy access at Route 95 north and south interchange.
Airports: Westerly and TF Green
Site Description: Lots of road frontage, ample parking and great exposure.
Area Description: Wyoming/ Hope Valley is the areas central commercial retail office hub being accessed from all southern Rhode Island and eastern Connecticut and New London.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 25
Property Condition: Excellent
Year Built: 1900
Year Renovated: 2007
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Total Parking Spaces: 45
Parking Type: Surface
Parking Description: Front Main Street - retail spaces/ rear office, employee and ground level space access.
Sprinklers: Wet
Heat Type: Propane
Heat Source: Baseboard, Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: First floor retail and office. Second floor office/ 750 SF apartment, lower walk out level workshop/ auto
Zoning Description: General business - many opportunities. Possible affordable housing.
Lot Frontage: 326
Lot Depth: 120
Water Service: Municipal
Sewer Type: Septic
Easements Description: None
Legal Description: Plat O4B/ lot 39

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,940 5,401 13,858
Median Age: 41.91 42.32 42.44
Households: 749 2,085 5,221

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