Mineral Spring Ave. Strip Mall w/25 Parking Spaces

Retail-Commercial for Sale
Catylist Listing ID: 30048097
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 6,251 SF
Gross Land Area: 21,107 SF
Sale Price: $1,200,000
Unit Price: $191.97 PSF
Ceiling: 11 ft.
Property Use Type: Investment, Business
Usable Size (USF): 6,251 SF
Core Factor: 100%
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 7/8/2017

Overview / Comments

One level, concrete block, gable roof, storefront windows. 6251 square feet with bathroom. 200 amp service. 25 parking spots. Busiest road in North Providence (State Road 15) Near Routes 146, 295, 44, 7, 104. Well-Lighted, Heavily-travelled. This will have the new multi-million dollar North Providence Safety Complex directly across the street. Police & Fire along with a traffic light. IDEAL for owner of this strip mall building.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: North Providence
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Located Between: Amongst other strip malls
Property Visibility: Excellent
Largest Nearby Street: Route 44
Feet of Frontage: 164
Traffic/Vehicle Count: 80,000
Highway Access: Yes. (State Road 15) Near Routes 146, 295, 44, 7, 104.
Airports: Warwick, Lincoln
Site Description: 25 parking spots.
Area Description: Commercial entities of all kinds. Most travelled road in the Town of North Providence.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,230 SF
Property Condition: Excellent
Year Built: 1990
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Concrete
Exterior Description: 1 level building constructed of concrete. Storefront windows,
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: 25 parking spaces
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: 6,230 square feet. Restrooms. 200 amp electrical service.
Zoning Description: Commercial
Lot Frontage: 164
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Plat 18 Lot 222

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,708 155,877 375,857
Median Age: 44.66 35.52 34.87
Households: 9,770 59,900 141,743

Contact

Photograph of Listing Agent

Paul E Lefebvre

Acumen Group RICIE Member

Source

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