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Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 18,093 sqft
Price per Sqft $88
Subdivision Downtown Westerly
MLS Listing ID 1252707
Sold Date 12/01/20
HOA Y/N No
Abv Grd Liv Area 18,093
Year Built 1926
Annual Tax Amount $16,953
Tax Year 2019
Lot Size 1.980 Acres
Acres 1.98
Property Description
Once in a lifetime opportunity to own 2 commercial acres in the heart of downtown Westerly. This unique and prime retail location boasts two structures with 20,000 SQ FT of retail space, 100+ parking spots and a vehicle count on Main Street reaching One Thousand vehicles per hour. This property is located in an opportunity zone -- a tax incentive for private investors to direct capital gains into equity investments.
Location
State RI
County Washington
Community Downtown Westerly
Zoning DC1
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Exterior
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, High Traffic Location, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Sewer Connected, Underground Utilities, Water Connected
View Y/N Yes
View Water
Present Use Mixed Use
Street Surface Asphalt,Paved
Total Parking Spaces 100
Garage Yes
Building
Building Description Brick,Masonry,Steel, Public Restrooms
Story 1
Foundation Slab
Sewer Connected
Water Connected, Public
Level or Stories 1
Structure Type Brick,Masonry,Steel
New Construction No
Others
Tax ID 100MAINSTWEST
Security Features Closed Circuit Camera(s),Building Security
Financing Cash
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