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132 Oak Street

Westerly, RI 02891
  • $1,750,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 1298038
UPDATED: 32 min ago
$1,750,000
  • 0
    BEDS
  • 0.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,715
    SQFT
  • $180
    $/SQFT
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Turn key business with long term tenants in place. Business brings in over 8K a month with the owner occupying 2500 sq ft of garage space valued at $2500 per month and 1000 sq ft of residential valued at $1500 per month. So total investment income could be over 11k a month. .Everything updated and new within the past 10 yrs. Windows, siding, heating, ac etc. City Sewer and water with a main garage that has 5 bays and 15 plus foot ceilings, car lift with room for 4 more lifts. Also storage above the main garage and possible office. Property also has around 1000 sqft 1 bedroom/bath apartment with high end finishing. 2 offices with bathrooms and ac and a front retail shop complete the main building. Rear building features six bays that are all rented, all include separate utilities, offices and bathrooms with oversized 12 ft garage doors. There is a detached 1 car garage as well. Included in this sale are 13 containers that rent for 100 per month all in excellent shape. Other important features are 3 phase electrical, rear building fire protected monitoring, Owner also had plans approved for an additional 40ft x 30ft building that could potentially be revisited. Property is ZONED GI GENERAL INDUSTRY, highly sought after zoning!!!!

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© 2021 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 The Martone Group | RE/MAX Properties 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 The Martone Group | RE/MAX Properties. 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: 2021-12-03T14:40:00.663.
www.martonegroup.com/homes/123127829
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132 Oak Street Westerly, RI 02891

  • Price: $1,750,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 32 min ago
  • MLS #: 1298038
0
Beds
0
Baths
0
½ Baths
0.77
Acres
9,715
SQFT
$180
$/SQFT
1960
Built
County:
Washington
Area:
Westerly
Property Description
Turn key business with long term tenants in place. Business brings in over 8K a month with the owner occupying 2500 sq ft of garage space valued at $2500 per month and 1000 sq ft of residential valued at $1500 per month. So total investment income could be over 11k a month. .Everything updated and new within the past 10 yrs. Windows, siding, heating, ac etc. City Sewer and water with a main garage that has 5 bays and 15 plus foot ceilings, car lift with room for 4 more lifts. Also storage above the main garage and possible office. Property also has around 1000 sqft 1 bedroom/bath apartment with high end finishing. 2 offices with bathrooms and ac and a front retail shop complete the main building. Rear building features six bays that are all rented, all include separate utilities, offices and bathrooms with oversized 12 ft garage doors. There is a detached 1 car garage as well. Included in this sale are 13 containers that rent for 100 per month all in excellent shape. Other important features are 3 phase electrical, rear building fire protected monitoring, Owner also had plans approved for an additional 40ft x 30ft building that could potentially be revisited. Property is ZONED GI GENERAL INDUSTRY, highly sought after zoning!!!!
Exterior Features

Construction Materials FrameSteel Foundation Details Concrete Perimeter Frontage Length 120 Garage YN Yes Parking Total 20

Interior Features

Basement None Basement YN No Cooling Central Air Heating CentralForced AirIndividual

Property Features

Business Type Industrial Community Features GolfHighway AccessMarinaNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingTennis Court(S)Street Lights Electric Circuit Breakers440 Volts Gross Income 78000 Land Lease YN No Laundry Features In Unit Operating Expense 0 Owner Pays Snow RemovalTrash CollectionWater Possible Use AutomotiveIndustrialMini-StorageMixed UseTimberWarehouse Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Paved Security Features Firewall(S) Sewer ConnectedPublic Sewer Tax Annual Amount 6482 Tax Assessed Value 643100 Tax Lot 056 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeat Utilities Electricity AvailableNatural Gas AvailableMunicipal UtilitiesSewer ConnectedWater Connected Water Source ConnectedPublic Zoning Gi

Listing information © 2021 State-Wide Multiple Listing Service.
Listing provided courtesy of Coldwell Banker Coastal Homes.





© 2021 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 The Martone Group | RE/MAX Properties 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 The Martone Group | RE/MAX Properties. 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: 2021-12-03T14:40:00.663.
 
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The Martone Group | RE/MAX Properties
696 Douglas Pike
Smithfield RI, 02917