3299 Post Road Warwick RI 02886 MLS #1340138

3299 Post Road
Warwick, RI, 02886
$799,000
Beds
0 Baths
4,724 SqFt
0.21 Acres
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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! Property is being sold AS IS.
Listing Provided Courtesy of Coldwell Banker Realty

Property Details

Price:
$799,000
MLS #:
1340138
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
3299 Post Road
Type:
Commercial
Subtype:
Commercial Sale
Subdivision:
Apponaug
City:
Warwick
Listed Date:
Jul 24, 2023
State:
RI
Finished Sq Ft:
4,724
ZIP:
02886
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1900
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Schools

Interior

Cooling
Central Air
Heating
Central Air, Forced Air, Gas Connected, Zoned
Laundry Features
Off Site

Exterior

Community Features
Bus, Commuter Bus, Highway Access, Hospital, Interstate, Marina, Public School, Schools, Shopping, Pool, Restaurant
Construction Materials
Frame
Parking Spots
14

Financial

Buyer Agent Compensation
2.5 VNS%
Net Operating Income
$87,523
Tax Year
2023
Taxes
$10,473

Map

Community

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3299 Post Road
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