Industrial / Warehouse Building

Withdrawn Industrial for Sale
Catylist Listing ID: 30054299
Property Subtypes: Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 17,000 SF
Gross Building Area: See Agent
Sale Price: $395,000
Unit Price: $23.24 PSF
Docks/Doors: 1 Dock
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Withdrawn On: 7/29/2017
Last Updated: 7/29/2017

Overview / Comments

Multi-unit + multi-level building structure (potential condo conversion)
Currently with 5 separate unit areas with room to expand
separate metered/separate utilities + separate lavatory facilities in each unit
TOTAL CURRENT RENTAL INCOME= APPROX. $4600 PER MONTH
Currently owner's manufacturing business is in 1st & 2nd level of the 3 story structure (using approx. 4500 sq.ft) note: 3rd floor is empty at this time
Unit at Manson Ave. & Overhead Way is approx. 4000 sq.ft. manufacturing use
Middle unit fronting on Overhead Way is approx. 1500 sq.ft. storage space
Unit at corner of Overhead Way & Acorn Ave.+ small loading dock app. 2000 sq.ft
service business
Unit on Acorn Ave. north of 3 story structure is approx. 2700 sq.ft.storage space
Real estate taxes 2016= $7027, Insurance 2016= $7859, Water 2016= $1187

Attachments & Media

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: Kent county, City of Warwick
Tax ID/APN: Plat 286, Lots: 16,3,4 & 22
Property Located Between: Manson Ave., Overhead Way & Acorn Avenue
Highway Access: Manson to Norwood Ave. out to Post Road (rte.1) then south to route 37 to rte. 95 north or south
Airports: via Post Road south from Norwood Ave.
Site Description: Level site fronting on Manson Ave., Overhead Way & Acorn Ave. (32,000 sq.ft.) Environmental Phase I & II done: Coastal Resource Report -Remedial Action Work Plan, Remedial Approval Letter, Soil Management Plan
Area Description: exterior storage & parking areas on each street side of structure
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Typical SF / Floor: 17,000 SF
Property Condition: Good
Year Built: 1875
Roof Type: Gable
Construction/Siding: Concrete
Exterior Description: some paved parking off Manson Ave. small loading dock on Acorn Ave. (north west corner unit space)
Parking Type: Surface
Parking Description: parking adjacent to each business / unit space
Sprinklers: None
Volts: 440
X-Phase: 3 Phase
Heat Type: Natural Gas, Space Heaters, Other
Heat Source: Other
Air Conditioning: Window Unit
Lighting: Fluorescent
Interior Description: primarily units with large open areas with small office areas Note: sliding door accessibility between units
Zoning Description: To be confirm for Buyer's specific use requirements Industrial/Commercial Land use code: 400 Industrial Mdl -96
Lot Frontage: 194
Lot Depth: size .34 acre
Water Service: Municipal
Sewer Type: Other
Easements: Other
Easements Description: Drainage: catch basin at 45 Manson Ave. travels via 30 Acorn space across Acorn Ave. onto/across open fenced lot to end of Third Ave. ( see site plan map of Exhibit B - site plan in Remedial Action Work Plan report
Legal Description: Plat 286, Lots 16, 3,4 & 22...Remedial Action Work Plan: Exhibit A- legal property description, Appendix B- Draft ELUR ( Environmental land usage restriction) & Soil Management Plan

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,940 121,521 331,517
Median Age: 40.5 39.97 37.69
Households: 4,455 47,458 129,019

Contact

Photograph of Listing Agent

Fred T Bernat

HomeSmart Professionals RE RICIE Member
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