971 Main Street, West Warwick, Commercial

$ 850,000
971 Main Street, ,
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Overview

  • Updated On:
  • November 13, 2024

Description

Investment opportunity to purchase the Flanagan Building at the highly visible and trafficked, t-intersection in the heart of Phenix. This commercial mixed-use building consists of 5 currently leased residential units (three-2bed & two-1bed)(each unit has own water tank & Furnace)(Postal addresses are: 981 Main St., Units A-E), that sit atop 3 vacant, commercial units, awaiting your vendors unique specifications to launch their businesses. The 1st Commercial Unit (971 Main St.) was a Bar for 30 years, and has been completely gutted, but for the HVAC Return and duct work. It is plumbed for 2 Restrooms and a kitchenette space, and ready to be rebuilt to your specs. The 2nd, middle unit (975 Main St.) has a fully equipped kitchen (former Chinese Take-out), perfect for a stand alone, take-out restaurant, or retro-fitted to augment the adjacent unit, that could to be built-out to spec as a pub/tavern. The 3rd unit (977 Main St) is empty and ready to suit your entrepreneurial dreams. The large parking lot far exceeds any commercial business needs, and the residential lot behind the building, provides 2 spaces for each unit. Don’t miss this opportunity to ride the economic boom that the new year will bring. Agents and Buyers are to exercise their own due diligence as to the permits and zoning of the building’s past and present layout, configuration, and usage.

Address: 971 Main Street
Area:
State/County:
Zip: 02893
Country: US
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Property Id : 484254
Price: $ 850,000
Property Lot Size: 0 ft2
Basement: None
Bridge Modification Timestamp: 2024-11-12T21:56:41.044Z
Building Area Total: 7200
Building Features: Restrooms
Building Name: Flanagan
Business Type: Bar/Tavern/Lounge,Residential,Restaurant,Retail
Community Features: Bus,Commuter Bus,Highway Access,Hospital,Interstate,Private School,Public School,Recreational Facilities,Restaurants,Schools,Shopping
Construction Materials: Brick,Masonry
Contract Status Change Date: 2024-10-31
Cooling: Wall Unit(s)
Electric: 3 Phase,100 Amp Service
Foundation Area: 3600
Foundation Details: Concrete Perimeter,Slab
Gas: Connected
Heating: Forced Air
Inclusions: Turn-Key Restaurant.
Laundry Features: Off Site
List Agent Direct Phone: 401-391-7437
List Agent Email: BryanChaseRealty@gmail.com
List Agent Full Name: Bryan Chase
Listing Contract Date: 2024-10-31
Listing Id: 1371980
Living Area Units: Square Feet
Lot Features: Corner,Paved,Sidewalks,Downtown,Strip Store,Suburban
Lot Size Area: 18470
Lot Size Square Feet: 18470
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-11-12T21:52:29.710Z
Number Of Buildings: 1
Number of Units in Community: 8
Number of Units Leased: 5
Number of Units Total: 2
Occupant Type: Tenant
Original Entry Timestamp: 2024-10-31T22:57:11.820Z
Original List Price: 850000
Owner Pays: Parking,Sewer,Snow Removal,Taxes,Water
Parking Total: 20
Possible Use: Commercial,Mixed Use,Other,Residential,Retail,Unimproved,Vacant,Mixed Use
Road Frontage Type: High Traffic,Municipal,Sidewalks
Road Surface Type: Black Tar
Security Features: Fire Alarm,Smoke Detector(s),Varies By Unit
Sewer: Public Connected
State or Province: RI
Status Change Timestamp: 2024-10-31T22:57:11.820Z
Stories: 2
Stories Total: 2
Street Name: Main
Street Number: 971
Street Suffix: Street
Tax Annual Amount: 15033.6
Tax Year: 2024
Utilities: 3-Phase Electric,Electricity Connected,Gas,Municipal Water,Street Lights,Phone Connected
View: Water
Water Source: Connected,Public
Year Built: 1970
Year Established: 2017
Years Current Owner: 7
Zoning: B
Other Features
Ceiling Height: 7-9 Ft
Electrical Utility Available
Has Cooling System
Has Heating System
$ 3,295.62
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,295.62

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Alyse Antone Smyth, Esq.