3299 Post Road, Warwick, RI 02886 - Photo 1

1/1

$825,000

Sold
Closed
Commercial Service

1/1

Property Description

Extremely rare opportunity to own a mixed-use property that includes nine, one-room, single-occupant units, located above a restaurant. Popular Sister's Restaurant, (The old Father's and Son), is on the main level and is located near Warwick City Hall. This unique property is in the heart of Apponaug with great visibility. The well managed property has a 10.3% Cap Rate. Recent upgrades include a new roof (6/23), new gutters (7/23), and a new water heater (5/23). Property is ready to go as all approvals are current including licensure. The Fire Alarm system is up to code. Building is 100% full and all tenants pay their rent electronically. City water and sewer plus natural gas heat. Off-street parking in the newly paved parking area behind the building. Attention investors! Property is being sold AS IS.

Full Property Details

Full Property Details for 3299 Post Rd

General

Sold For: $825,000
Taxes: $10,473 (2023)
Status: Closed
Type: Commercial Service
Source: STWMLS
MLS ID: 1340138
Added to Site: 909 day(s) ago

Business

Business Type: Bar/Tavern/Lounge, Restaurant

Rental Information

Lease Info: NN

Interior

Furnishings: Unfurnished

Additional Information

Shared Amenities: Restaurant
Security/Safety: Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)

Parking

Total Spaces: 14

Location

County: Kent
Subdivision: Apponaug
Near Highway: Yes

Community

Units Assoc/Comm: 10

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas, Zoned

Utilities

Sewer: Connected, Public Sewer, Sanitary, Storm Sewer
Water: Connected, Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Sewer Connected, Water Connected

Structural Information

# Buildings: 1
Structure Type: Multi Family
Detached/Attached: Attached
Construction: Frame
Basement: Yes
Basement Desc.: Partial
Stories/Levels: 2
Building Size: 4724
Finished Total: 4,724 Sq. Ft.
Finished Above Grnd: 4,724 Sq. Ft.
Year Built: 1900
Other Struct. Feat.: Public Restrooms

Lot Features

Lot Size (Acres): 0.21
Lot Size (Sq. Ft.): 9,148
Lot Size: 9148
Frontage: City Street, Asphalt, Paved
Street Lights: Yes
Sidewalks: Yes
Potential Use: Investment, Mixed Use, Residential

Financial Considerations

Operating Expenses: $29,213
Tax Amount: $10,473
Tax Year: 2023
Owner Pays: Air Conditioning, Cable TV, Electricity, Gas, Heat, Hot Water, Insurance, Janitorial Service, Snow Removal, Sewer, Taxes, Water
Tenant Pays: Pest Control, Security, Sewer, Trash Collection, Telephone, Water

Disclosures and Reports

Documents Avail.: Aerial, License(s)
Inclusions: All kitchen equipment and restaurant furniture belongs to the tenant.
Property ID: 3299POSTRDWARW
Lot Number: 59

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Meet the listing agent

— 3299 Post Rd —

John Chapski

Email Me

(401) 808-9279 mobile

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Schools

Schools serving 3299 Post Rd

School District:Warwick School District

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3299 Post Rd

Date

Details

Price

Change

Source

7/15/2024

Sold

$825,000

3.25%

MLS

4/27/2024

Price Reduced

$799,000

-6%

MLS

1/15/2024

Price Reduced

$850,000

-2.86%

MLS

11/09/2023

Price Reduced

$875,000

-2.77%

MLS

7/24/2023

Listed

$899,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Total Baths
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3299 Post Road, Warwick, RI 02886 (MLS# 1340138) is a Commercial Service property that was sold at $825,000 on July 15, 2024. This property was listed by John Chapski from our East Greenwich Office.Want to learn more about 3299 Post Road? Do you have questions about finding other Commercial Service real estate for sale in Warwick? You can browse all Warwick real estate or contact a Coldwell Banker agent to request more information.

3299 Post Rd Warwick, RI 02886