Bay Spring 64 Bay Spring Ave Local commercial 326 m² Inoccupé À vendre Barrington, RI 02806 1 185 903 € (3 633,68 €/m²) Taux de capitalisation 3,32 %

Prime location, very rare opportunity to own a free standing commercial building in the Town of Barrington. Ideal investment for either a business owner operator or a passive investor. Current business is a month to month tenancy, and has occupied this building for 30 years, rent is below market average (projections and financials by request), prime option for NNN lease. Buyer has full flexibility as there is no current lease in place. Current tenant could sign a lease with the new owner or the new owner can exercise the 30 day right to cancel the tenancy. The Building is constructed of concrete block, has a flat rubber roof, a wood frame addition along with all new HVAC units was installed just several years ago. Connected to town water, sewer, and gas. Plenty of electric panels to power most any uses. Currently used as a Child Care center for the past 30 years by the same company. Lots of paved parking along with an overflow parking area in the back of the property that could serve as another use. Land abuts the East Bay Bike Path connecting Providence to Bristol. Medium traffic count, assisted living, marinas, self storage and office buildings within the same block. The building is in excellent condition, turn key investment for passive rental income or to operate your own business from.