1097 Eddie Dowling Hwy - Showroom FOR SALE


North Smithfield, RI 02896
$3,999,900 USD
401-480-8990
1097 Eddie Dowling Hwy, North Smithfield, RI for Sale
$3,999,900 USD
Showroom - FOR SALE
1/24
null | 8% Cap Rate

1097 Eddie Dowling Hwy
North Smithfield, RI 02896


HIGHLIGHTS

  • New retaining walls
  • New roofs
  • New epoxy floors
  • New garage doors
  • New heating and AC infrastructure

OVERVIEW

Great business opportunity directly on Route 146, includes 4 lots on ~5.25 acres with 3 structures totaling 16,162 sqft. The 4 tax lots, at 0, 1095, 1097, and 1117 Eddie Dowling Hwy, are together priced at $3,999,900. Owner user. Cap rate listed is proforma with all aspects of property leased, including open land. Currently, 2485sq' of the total is used as single family, residential space with 5brs and 2 baths. The remaining 13,734sq' of commercial space is used as truck customization, automotive repair, automotive parts retail and office space. This property has extraordinary visibility, located directly on Route 146. Approximately 580 linear feet of frontage in BH zone (Business Highway). Traffic count shows 50,000+ vehicles driving by this property daily. Positioned next to the widely known Rustic Drive-in Theatre and Anchor Nissan & Subaru, also a stone's throw away from all the national tenants present at Eddie Dowling Village, this property could accommodate a very wide range of uses that will benefit from name-brand neighbors. Lowes, Texas Roadhouse, Walmart, Buffalo Wild Wings, Kohl's Verizon and ALDI to name a few. The wide majority of the property here has young or recently improved infrastructure. Too much to list here but some standouts are new retaining walls, gravel ground cover, new roofs, new epoxy floors, new garage doors, new heating and AC infra, new oil tank, renovated kitchen & bath etc. The business, furniture, fixtures and equipment belonging to the owner/user of this property, RTE. 146 Auto Sales, are not made part of this offering or asking price but could be conveyed as well for the right price.

FOR SALE DETAILS

PRICE

$3,999,900 USD

PRICE/SF

$247 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Lighting, Gas, Water - Well, Sewer, Heating - Oil (Fired)

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

10

PARKING SPACES

100

LAND DETAILS

LAND ACRES

5.25

LAND SF

228,690

ZONING

BH

APN/PARCEL ID

NSMI-000017-000000-000079,NSMI-000017-000000-000081,NSMI-000017-000000-000147,NSMI-000017-000000-000155

ASK ABOUT THIS PROPERTY

Pete DufresneSpectrum Real Estate Consultants / Keller WilliamsMore Info
401-480-8990

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Pete DufresneSpectrum Real Estate Consultants / Keller WilliamsMore Info
401-480-8990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.