1050 Warwick Avenue
Office
for Sale
| Catylist Listing ID: |
30467085 |
| Property Subtypes: |
Medical, Office Building
|
| Building Size (RSF): |
7,700 SF
|
| Gross Land Area: |
32,844 SF
|
| Sale Price: |
$875,000 |
| Unit Price: |
$113.64 PSF |
| Property Use Type: |
Investment, Business |
| Building Name: |
1050 Warwick Avenue Medical Building |
| Class of Space: |
Class C |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/4/2021 |
Overview / Comments
This property consists of 7,700 square feet with a number of small offices and examining rooms, waiting area and restrooms. The building is home to a medical practice and affiliated doctors and a Radiology office. Building also boasts a blood laboratory.
Second floor is unfinished and is used as file storage but could be finished with an addition of approximately, 2,600 square feet.
This building can be sold with the adjacent building at 1030 Warwick Avenue.
|
Additional Details
| Nearest MSA: |
Providence-Warwick |
| County: |
Kent |
| Taxing Authority: |
Warwick |
| Tax ID/APN: |
Plat 302 Lots 441,2,6 |
| Zoning: |
GB |
| Property Located Between: |
Warwick Avenue and Post Road |
| Property Visibility: |
Excellent |
| Highway Access: |
Located on Warwick Avenue just north of Hoxie Four Corners. Great access to Route 95 and Rout 37. |
| Airports: |
TF Green is minutes |
| Site Description: |
This stand-alone two-story building has 90 feet of frontage on Warwick Avenue and access from Waldron. Ample on-site parking in front, side and rea of this office/medical building. Parking for approximately 40 cars. |
| Area Description: |
Site is just north of the Intersection of Warwick Avenue and Airport Road, more commonly called Hoxie Four Corners. Surrounding properties are mostly office use, along with commercial buildings and residential uses on portions of Warwick Avenue and side streets. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
7,200 SF |
| Year Built: |
1980 |
| Year Renovated: |
2000 |
| Roof Type: |
Hip |
| Construction/Siding: |
Block |
| Exterior Description: |
This is a stand-alone, brick two-story building with 7,200 square feet with an additional 2,600 feet of unfinished space on the second floor which is currently used as storage. Building is in good shape with a brick facade and masonry block. Level lot and ample on-site parking. |
| Parking Ratio: |
40 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Ample on-site parking for approximately 40+ cars. Access to parking is in the rear of this building. |
| Total Parking Spaces: |
40 |
| Sprinklers: |
Wet, Dry |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable |
| Interior Description: |
Consists of 7,700 square feet with numerous office, examining rooms, businesses and restrooms. A second tenant leases a blood lab. Interior is in great condition. Classified as Class "C" building. Second floor could be finished and used as rental space. |
| Zoning Description: |
Building is zoned GB - General Business. |
| Lot Frontage: |
90 Ft on Warwick Ave and 300 feet on Waldron |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
Plat 302 Lot 441,2,6 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,151 |
109,436 |
279,593 |
| Median Age: |
43.75 |
40.48 |
38.8 |
| Households: |
5,562 |
42,830 |
109,062 |
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