148 Main Street

Retail-Commercial for Sale
Catylist Listing ID: 30465009
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,862 SF
Gross Building Area: 3,903 SF
Gross Land Area: 0.46 Acres
Sale Price: $950,000
Unit Price: $331.94 PSF
Property Use Type: Vacant/Owner-User
Building Name: 148 Main St.
Usable Size (USF): 2,862 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/28/2019

Overview / Comments

Development opportunity on highly visible corner lot provides easy access and 287 ft of road frontage. Zoned commercial downtown, this district maintains its historic qualities and "Main St" character. Main St, in the heart of Wakefield, is made up of small scale retail centers designed to provide local business to the town. Property includes 2 separate buildings on a well manicured .46 acres. The first building currently hosts a law practice on the first floor and a residential apartment on the second floor. Similarly, the second building is comprised of a commercial office on the first floor and apartment on the 2nd floor. Potential uses include neighborhood retail, financial institutions, commercial offices, restaurants and other possibilities.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,082 (Annual)
Tax Value Land $268,700
Tax Value Improvements $259,200
Assessed Value - Total($) $527,900 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: South Kingstown
Tax ID/APN: SK 57-1:61
Zoning: COMMERCIAL DOWNTOWN
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Corner of Main St. & Central Ave.
Property Visibility: Excellent
Largest Nearby Street: Main St.
Feet of Frontage: 287
Site Description: .46 acre corner lot
Area Description: Vibrant downtown business district
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1867
Roof Type: Other
Construction/Siding: Wood Siding
Total Parking Spaces: 18
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Oil, Hot Water
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: Commercial Downtown
Lot Frontage: 287
Lot Depth: 163
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,365 27,054 48,492
Median Age: 44.23 42.23 39.57
Households: 2,049 11,124 17,542

Contact

Photograph of Listing Agent

The Schilke Team

Schilke Realty ECCPN Member
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