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3299 Post Road

Warwick, RI 02886
  • $850,000
  • STATUS: Active
  • MLS #: 1340138
UPDATED: 24 min ago
$850,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,724
    SQFT
  • $180
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Extremely rare opportunity to own a mixed-use property that includes nine, one-room, single-occupant units, located above a restaurant. Popular Sister's Restaurant, (The old Father's and Son), is on the main level and is located near Warwick City Hall. This unique property is in the heart of Apponaug with great visibility. The well managed property has a 10.3% Cap Rate. Recent upgrades include a new roof (6/23), new gutters (7/23), and a new water heater (5/23). Property is ready to go as all approvals are current including licensure. The Fire Alarm system is up to code. Building is 100% full and all tenants pay their rent electronically. City water and sewer plus natural gas heat. Off-street parking in the newly paved parking area behind the building. Attention investors!

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Edge Realty RI are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Edge Realty RI. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-02-26T16:37:50.14.
www.edgepropertysearch.com/homes/141774378
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3299 Post Road Warwick, RI 02886

  • Price: $850,000
  • Status: Active
  • On Site: Days
  • Updated: 24 min ago
  • MLS #: 1340138
0
Beds
0
Baths
0
½ Baths
0.21
Acres
4,724
SQFT
$180
$/SQFT
1900
Built
Neighborhood:
Apponaug
County:
Kent
Area:
Warwick
Property Description
Extremely rare opportunity to own a mixed-use property that includes nine, one-room, single-occupant units, located above a restaurant. Popular Sister's Restaurant, (The old Father's and Son), is on the main level and is located near Warwick City Hall. This unique property is in the heart of Apponaug with great visibility. The well managed property has a 10.3% Cap Rate. Recent upgrades include a new roof (6/23), new gutters (7/23), and a new water heater (5/23). Property is ready to go as all approvals are current including licensure. The Fire Alarm system is up to code. Building is 100% full and all tenants pay their rent electronically. City water and sewer plus natural gas heat. Off-street parking in the newly paved parking area behind the building. Attention investors!
Exterior Features

Construction Materials Frame Foundation Details Concrete Perimeter Levels Two Parking Total 14

Interior Features

Basement Partial Basement YN Yes Building Features Public Restrooms Cooling Central Air Cooling YN Yes Furnished Unfurnished Heating Forced Air Gas Zoned Heating YN Yes

Property Features

Association Amenities Restaurant Business Type Bar Tavern Lounge Restaurant Community Features Highway Access Marina Near Hospital Near Schools Public Transportation Restaurant Shopping Street Lights Sidewalks Electric Item200 Amp Service Circuit Breakers Gross Income 116736 Human Modified YN No Inclusions All kitchen equipment and restaurant furniture belongs to the tenant. Land Lease YN No New Construction YN No Operating Expense 29213 Owner Pays Air Conditioning Cable TV Electricity Gas Heat Hot Water Insurance Janitorial Service Snow Removal Sewer Taxes Water Possible Use Investment Mixed Use Residential Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Asphalt Paved Security Features Closed Circuit Cameras Carbon Monoxide Detectors Fire Alarm Smoke Detectors Sewer Connected Public Sewer Sanitary Storm Sewer Structure Type Multi Family Tax Annual Amount 10473 Tax Assessed Value 421800 Tax Lot 059 Tax Year 2023 Tenant Pays Pest Control Security Sewer Trash Collection Telephone Water Utilities Cable Available Electricity Available Natural Gas Available Natural Gas Connected Municipal Utilities Phone Available Sewer Connected Water Connected Water Source Connected Public

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Coldwell Banker Realty: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Edge Realty RI are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Edge Realty RI. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-02-26T16:37:50.14.
 
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1007 Boston Neck Road
Narragansett RI, 02882