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3299 Post Road, Warwick, RI 02886
$799,000
3299 Post Road, Warwick, RI 02886View this property at 3299 Post Road, Warwick, RI 02886
3299 Post RoadWarwickRI02886
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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
- Price: $799,000
- Taxes: $10,473 (2023)
- Status: Active
- Type: Commercial Service
- MLS ID: 1340138
- Updated: 4/27/2024
- Added to Site: 291 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
- Compensation Comments: Compensation based on final sale price minus Seller paid closing costs, points, pre-paids and pro-rations paid on Buyer's behalf.
- 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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Schools
Schools serving 3299 Post Rd
School District:Warwick
Rating | Name | Grades | Distance |
---|---|---|---|
93 Sharon St, Warwick, RI 02886 | K-5 | 0.8 mi | |
70 Nausauket Rd, Warwick, RI 02886 | K-5 | 1 mi | |
35 Red Chimney Dr, Warwick, RI 02886 | K-5 | 1.1 mi | |
Warwick Veterans Memorial High School
2401 W Shore Rd, Warwick, RI 02889 | 6-8 | 2.6 mi | |
100 Cedar Ave, E Greenwich, RI 02818 | 6-8 | 3.3 mi | |
Aldrich Junior High School
2401 W Shore Rd, Warwick, RI 02889 | 6-8 | 4.5 mi | |
Warwick Area Career and Technical Center
575 Centerville Rd Bldg 5, Warwick, RI 02886 | 10-12 | 1.1 mi | |
Drum Rock Early Childhood Center
575 Centerville Rd Bldg 5, Warwick, RI 02886 | 10-12 | 1.2 mi | |
575 Centerville Rd Bldg 5, Warwick, RI 02886 | 10-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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
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.
Tax History
Tax History for 3299 Post Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
$421,800
30%
2022
100%
$325,700
—
2021
100%
$325,700
—
2019
100%
$325,700
-2%
2018
100%
$332,800
—
2017
100%
$332,800
—
2016
100%
$332,800
2%
2015
100%
$327,600
—
2014
—
$327,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3299 Post Rd
3299 Post Road, Warwick, RI 02886 (MLS# 1340138) is a Commercial Service property. 3299 Post Road is currently listed for $799,000 and was received on July 24, 2023. This property is 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.