341 Burnside AVE Active Save Request In-Person Tour Request Virtual Tour
Woonsocket,RI 02895
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,740 sqft
Price per Sqft $161
Subdivision Blackstone, Massachusetts/Ri Line
MLS Listing ID 1379516
Year Built 1900
Annual Tax Amount $11,140
Tax Year 2023
Lot Size 10,890 Sqft
Property Sub-Type Commercial
Property Description
This is a chance to own (6) residential units and (1) stand-alone commercial building with a successful family-owned business
that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month.
Location
State RI
County Providence
Community Blackstone, Massachusetts/Ri Line
Zoning R4
Interior
Heating Gas,Space Heater
Cooling None
Laundry Common Area
Exterior
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks
Utilities Available Cable Available,Electricity Available,Natural Gas Connected,Sewer Connected
Building
Story 3
Foundation Brick/Mortar
Sewer Connected,Public Sewer
Water Connected,Public
New Construction No