Price Reduced 11.21%
Price History
$899,900
7/24/2023
$875,000
11/9/2023
$850,000
1/15/2024
$799,000
4/27/2024
3299 Post Road, Warwick, RI, 02886
1900
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.
Status:
Active
Type:
Commercial
Furnished Remarks:
Unfurnished
Units:
1
Complex:
Apponaug
Heating:
Forced Air, Gas, Zoned
Cooling:
Central Air
Basement:
Partial
Parking:
14-car
Acreage:
0.21
Est. Taxes:
$10,473
Assessment
$421,800
Permitted Use
Investment,Mixed Use,Residential
Construction
Frame
Utilities
Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Phone Available,Sewer Connected,Water Connected
Amenities:
RestaurantHighway Access, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, Street Lights, Sidewalks
Days on Market:
289
MLS #:
1340138
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Coldwell Banker Realty Phone: 401-884-8050