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4 Log Road, Smithfield, RI, 02917 | $750,000
Exceptional automotive commercial property for sale on a corner lot at 4 Log Road, Smithfield, Rhode Island. Zoned C and offering a 5, 740 sq. ft. masonry building, this versatile site is ideal for a wide range of automotive or commercial uses. The property qualifies for state/town automobile sales, automobile mechanic services, and qualified in 1 bay for state inspections.
This solid masonry-constructed facility includes 8 full service bays, providing ample capacity for auto repair, detailing, fleet service, or specialty automotive operations. The building is two stories, with water view and the upper level already roughed in and expandable, offering tremendous potential for additional office space, storage, or even a possible apartment or mixed-use configuration (subject to approvals).
The layout is highly functional, with large work areas, tall bay doors, and flexible interior space that can support lifts, equipment, and various workflows. The property includes ample onsite parking suitable for customers, inventory, and vehicle storage.
Located in a desirable commercial zone with strong visibility and easy access to major routes, this property presents an excellent opportunity for both established businesses and growing operations seeking a turnkey automotive site with room to expand.
Please note: Seller financing is not available. Showings are limited to qualified buyers only. Proof of funds or lender pre-approval is required in advance of any showing.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Industrial,Warehouse
- Construction: Brick
- Utilities: Natural Gas Connected,Sewer Connected
- Parking: 20-car
- Units: 1
- Year Built: 1950
- Est. Taxes: $6,720
- MLS#: 1401339
- Website: https://www.raveis.com
/prop/1401339/4logroad_smithfield_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4 Log Road, Smithfield, RI, 02917
$750,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.280% | 5.541% |
| Monthly Tax Payment | $560 | $560 | $560 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,407 | $3,646 | $4,823 |
| Total Monthly Payment | $4,059 | $4,298 | $5,475 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB