RI > West Warwick > Phenix
West Warwick, RI 02893,971 Main ST
West Warwick, RI 02893,971 Main ST
West Warwick, RI 02893,971 Main ST
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$850,000
Est. payment /mo
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7,200 SqFt
Active

971 Main ST West Warwick, RI 02893

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

UPDATED:

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 Sub-Type Commercial

Property Description

Investment opportunity for to buy the Flanagan Building at the highly visible t-intersection in the heart of Phenix. This property is truly a Phenix that Defies Traditional "Cap Rate" calculations. The Seller seeks an entrepreneurial buyer with enough vision and acumen to realize its true value. This commercial mixed-use building consists of 5 currently leased residential units (three-2bed & two-1bed)(each unit has own water tank & Furnace), that sit atop 3 vacant, commercial units (Could be Zoned for 5 Commercial?? - see additional Tax Card #2), awaiting your vendors unique specifications to launch their businesses. The 1st Commercial Unit 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 has a fully equipped kitchen (former Take-out), perfect for a stand alone, take-out restaurant, or retrofitted to augment the adjacent unit, that could to be built-out to spec as a pub/tavern. The 3rd unit is move-in ready, awaiting your new tenant's specs . Both parking lots exceed commercial and residential needs. 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 (traditional Cap Rates do not apply). Seller Will NOT Consider Financing.

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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Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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agent
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

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Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

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Eric Coury

Realtor - Team Manager

+1(508) 838-6956

eric@thecouryteam.com

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I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.