971 Main ST Active Save Request In-Person Tour Request Virtual Tour
West Warwick,RI 02893
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $118
Subdivision Phenix
MLS Listing ID 1371980
Year Built 1970
Annual Tax Amount $15,033
Tax Year 2024
Lot Size 0.424 Acres
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. General Selling Terms: AS-IS & at ASKING PRICE. Seller May Consider Financing ONLY IF Offer Exceeds Asking Price.
Location
State RI
County Kent
Community Phenix
Zoning B
Interior
Heating Forced Air
Cooling Wall Unit(s)
Inclusions Turn-Key Restaurant.
Exterior
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,High Traffic Location,Street Lights,Sidewalks
Utilities Available Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Phone Available,Sewer Connected,Water Connected
View Y/N Yes
View Water
Building
Lot Description Corner Lot
Building Description Brick,Masonry, Public Restrooms
Story 2
Foundation Concrete Perimeter,Slab
Sewer Connected,Public Sewer
Water Connected,Public
Structure Type Brick,Masonry
New Construction No