Retail Storefront on Pontiac Avenue

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30770020
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Status: Pending/Contingent
Building Size (RSF): 2,250 SF
Gross Building Area: 4,500 SF
Gross Land Area: 5,039 SF
Sale Price: $319,000
Unit Price: $141.78 PSF
Property Use Type: Vacant/Owner-User
Building Name: KJ Pool Supply
Usable Size (USF): 2,250 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/3/2022

Overview / Comments

Solid masonry retail storefront building on Pontiac Avenue. Formerly the home of KJ Pool Supply. Owners have retired and are making this building available for purchase. Half of the building is occupied by a long term tenant paying $1,000 per month. Lease through April 2022. Full basement. Gas heat. Detached garage in rear of building.
This building is ideal for a multitude of uses.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $6,088 (Annual)
Tax Value Land $65,700
Tax Value Improvements $159,800
Assessed Value - Total($) $225,500 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Cranston
Tax ID/APN: CR 9-1944-0
Zoning: A6
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Park Avenue
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1923
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 3
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 74'
Lot Depth: 86'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,144 153,849 356,936
Median Age: 40.49 37.9 36.93
Households: 7,616 58,159 137,341

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