This is a portfolio sale comprising of two properties containing four buildings on approx. six acres. 105,000 SF of space is presently occupied and the projected N.O.I of 229K is based on the entire property being rented. This also factors in a 10% vacancy rate. There have been substantial improvements made over the last five years and while more work remains to be completed, there will be a substantial upside to the cash flow upon completion. This property also features, lots of parking, front loading docks, high ceilings, open floor space and storage. It's located near the highway and provides for easy access from routes 146, I495 & I295. It's located in the Industrial zone, which is not only ideal for ecommerce but may be the ideal setting for the future Marijuana grow market. Please note that some numbers being reported are projected based on full occupancy.
- Price:
- $1,795,000
- Square Footage:
- 160,000
- Acreage:
- 5.36
- Year Built:
- 1904
- Listing ID #:
- 1295129
- Street Address:
- 308 Nw East School St
- City:
- Woonsocket
- State:
- Rhode Island
- Postal Code:
- 02895
- County:
- Providence
- Subdivision:
- East School
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Building Security:
- Fire Sprinkler System
- Construction Description:
- Masonry
- Finished Above Ground Square Footage:
- 160000
- Leasable Square Feet:
- 159373
- Number Of Floors In Unit:
- Three Or More
- Number Of Units:
- 1
- Stories:
- 3
- Stories:
- 3
- Stories:
- 3
- Total # Of Buildings:
- 4
- Total Building Square Footage:
- 160000
- Year Built:
- 1904
- Annual Electric Expenses:
- 24000
- Annual Insurance Expenses:
- 24000
- Annual Maintenance Expenses:
- 39550
- Business Type:
- Industrial, Manufacturing, Mixed, Storage, Florist/Nursery
- Net Operating Income:
- 229000
- Conforms To Zoning:
- I1
- Lot Square Footage:
- 158168
- Road Frontage Type:
- City Street
- Road Type:
- Asphalt, Paved
- Suitable Use:
- Automotive, Commercial, Development, Mini-Storage, Other, Recreational, Unimproved, Vacant, Warehouse, Industrial, Mixed Use
- Community Features:
- Street Lights
- Days On Market:
- 538
- On Market Date:
- 2021-10-01
- Originating Mls:
- Ris
- Title Type:
- LLC
- Property Taxes:
- $21,708
- Tax Year:
- 2020
- Parking Spaces:
- 100
- Electricity:
- 200+ Amp Service
- Existing Water:
- Connected, Public
- Sewage Type:
- Connected
- Utilities:
- Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: The NMR Group with Keller Williams Coastal
-
Statewide MLS
