64 Bay Spring Ave - Freestanding FOR SALE


Barrington, RI 02806
$1,300,000 USD
401-837-0786
64 Bay Spring Ave, Barrington, RI for Sale
$1,300,000 USD
Freestanding - FOR SALE
1/7
null | 3.57% Cap Rate

64 Bay Spring Ave
Barrington, RI 02806


HIGHLIGHTS

  • 30 year business same location with no current lease in place buyer can raise rent or operate owner occupied
  • Rent well below market value immediate rent bump up side
  • Great location

OVERVIEW

Prime location, very rare opportunity to own a free standing commercial building in the Town of Barrington. Ideal investment for either a business owner operator or a passive investor. Former childcare business occupied this building for 30 years, ideal to reopen as same type of business. Large open interior allows for many different types of business to easily occupy the space. Set up as a single tenant location positioned perfect for a NNN lease. Buyer has full flexibility as there is no current lease in place. The Building is constructed of concrete block, has a flat rubber roof, a wood frame addition along with all new HVAC units was installed just several years ago. Connected to town water, sewer, and gas. Plenty of electric panels to power most any uses. Lots of paved parking along with an overflow parking area in the back of the property that could serve as another use. Land abuts the East Bay Bike Path connecting Providence to Bristol. Medium traffic count, assisted living, marinas, self storage and office buildings within the same block. The building is in excellent condition, turn key investment for passive rental income or to operate your own business from.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

3.57%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bay Spring

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C

APN/PARCEL ID

BARR-000002-000000-000137

ASK ABOUT THIS PROPERTY

Scott BiancoRealty PlusMore Info
401-837-0786

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Scott BiancoRealty PlusMore Info
401-837-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.