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971 Main Street

West Warwick, RI 02893
  • $850,000
  • STATUS: Active
  • MLS #: 1371980
UPDATED: 38 min ago
$850,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,200
    SQFT
  • $118
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

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.

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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 Welchman Real Estate Group | Lila Delman Compass 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 Welchman Real Estate Group | Lila Delman Compass. 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: 2024-12-10T15:37:48.183.
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971 Main Street West Warwick, RI 02893

  • Price: $850,000
  • Status: Active
  • On Site: Days
  • Updated: 38 min ago
  • MLS #: 1371980
0
Beds
0
Baths
0
½ Baths
0.42
Acres
7,200
SQFT
$118
$/SQFT
1970
Built
Neighborhood:
Phenix
County:
Kent
Area:
West Warwick
Property 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.
Exterior Features

Construction Materials Brick Masonry Foundation Details Concrete Perimeter Slab Levels Two Lot Features Corner Lot Parking Total 20 View Water View YN Yes

Interior Features

Basement None Basement YN No Building Features Public Restrooms Cooling Wall Unit(s) Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Business Type Bar / Tavern / Lounge Restaurant Retail Community Features Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping High Traffic Location Street Lights Sidewalks Electric 3 Phase100 Amp Service Human Modified YN Yes Inclusions Turn- Key Restaurant. Land Lease YN No New Construction YN No Owner Pays Parking Fee Snow Removal Sewer Taxes Water Possible Use Commercial Mixed Use Other Residential Retail Unimproved Vacant Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Paved Security Features Fire Alarm Smoke Detector(s) Varies By Unit Sewer Connected Public Sewer Tax Annual Amount 15033.6 Tax Assessed Value 469800 Tax Lot 42 Tax Year 2024 Tenant Pays Air Conditioning Electricity Gas Heat Hot Water Telephone Utilities Electricity Available Natural Gas Available Natural Gas Connected Municipal Utilities Phone Available Sewer Connected Water Connected Water Source Connected Public Zoning B

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of HomeSmart Professionals: 401-921-5011.



[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 Welchman Real Estate Group | Lila Delman Compass 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 Welchman Real Estate Group | Lila Delman Compass. 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: 2024-12-10T15:37:48.183.
 
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