Building on Baldhill Road

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30114591
Property Subtypes: Retail-Pad, Service Station/Gas Station
Building Size (RSF): 1,980 SF
Gross Building Area: See Agent
Gross Land Area: 0.59 Acres
Sale Price: $799,900
Unit Price: $403.99 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Business
Usable Size (USF): 1,980 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 9.67%
Last Updated: 9/21/2017

Overview / Comments

This high traffic high visibility is across from RI Mall and Warwick Mall ,with several anchor stores including Kohls, Sears, Walmart, and Planet Fitness, and Dick’s Sporting Goods Coming Soon, as well as two Restaurants coming soon. It is the first building off 295 on heaviest traveled road in RI.
Includes the property the business is negotiable. The Subway restaurant can remain as a tenant.
Change Gas brand if needed.

Current Tenants

Tenant Business Name Sunoco Station
Is Renting? Yes

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: Warwick Tax Assessor
Tax ID/APN: 100156045
Retail Clientele: General, Business
Property Located Between: Rhode Island Mall and Route 2 Bald Hill Road and Warwick Mall
Property Visibility: Excellent
Largest Nearby Street: Route 113
Traffic/Vehicle Count: 45,000
Highway Access: Route 95 and Route 295
Airports: PVD Green
Site Description: Can continue as existing use or can demo and build anything that would benefit from the tremendous location and exposure.
Area Description: Heaviest traveled and highest retail area in the state.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1971
Year Renovated: 2013
Roof Type: Other
Construction/Siding: Brick, Wood Frame, Wood Siding
Exterior Description: Recently renovated exterior and interior with newer roof.
Parking Type: Surface
Parking Description: 15 to 20 Vehicles
Heat Type: Electricity
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Recently renovated.. Subway restaurant shall remain at the option of the buyer as a tenant.
Lot Frontage: 170'
Lot Depth: 140'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Plat 263 Lot 98

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,540 80,585 216,286
Median Age: 44.17 42.13 41.52
Households: 3,496 33,128 87,715

Contact

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