Homes for sale - 971 Main ST, West Warwick, RI 02893

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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$850,000

Est. payment - /mo

7,200 SqFt

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UPDATED:

12/14/2024 01:51 AM

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

HOA Y/N No

Abv Grd Liv Area 7,200

Year Built 1970

Annual Tax Amount $15,033

Tax Year 2024

Lot Size 0.424 Acres

Acres 0.424

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

Rooms

Basement None

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

Street Surface Paved

Total Parking Spaces 20

Building

Lot Description Corner Lot

Building Description Brick,Masonry, Public Restrooms

Story 2

Foundation Concrete Perimeter, Slab

Sewer Connected, Public Sewer

Water Connected, Public

Level or Stories 2

Structure Type Brick,Masonry

New Construction No

Others

Tax ID 971MAINSTWWAR

Security Features Fire Alarm,Smoke Detector(s),Varies By Unit

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Listed by HomeSmart Professionals

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Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

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971 Main ST West Warwick, RI 02893

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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