112 Ashaway Road

Retail-Commercial for Sale
Catylist Listing ID: 30043198
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 11,617 SF
Gross Building Area: See Agent
Sale Price: $749,000
Unit Price: $64.47 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Purchase Money Mortgage, Owner Financing, Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 1/20/2018

Overview / Comments

Prime location on Rte 3, close to Rte 78 connector. Currently established as a 250 seat restaurant/banquet facility, with over 11,000 sq ft of retail space, storage and office/conference area.

Fully operational expansive kitchen and separate dish area.
Multiple commercial cooler and freezer areas.
Huge dining hall with expansive deck and gazebo for large gatherings.

Rubber rooftop with employee deck and storage building.

Large rooms on the second floor for office/bridal and conference customers.

Plenty of parking.

Builders note: Current building sits on over 1 acre, in a mixed use area. Owner willing to cooperate with redevelopment project.

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Westerly
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Casino, Other
Property Visibility: Good
Largest Nearby Street: Post Road, Rte 78,
Highway Access: Just off Rte 78, minutes to Westerly and Pawcatuck CT.
Area Description: Busy residential and high traffic business & commercial traffic. Short distance to Westerly beaches and Foxwood Casino.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Roof Type: Other
Construction/Siding: Wood Shingle
Total Parking Spaces: 50
Parking Type: Surface
Zoning Description: Multi use
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,546 25,936 41,219
Median Age: 41.56 41.73 44.03
Households: 2,201 10,894 17,331


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