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American Picture Frame 1094 Bald Hill Rd

5,100 SF Vacant Retail Building Warwick, RI 02886 $1,099,000 ($215/SF) 9.33% Cap Rate

Investment Highlights

  • On Highly Trafficked Bald Hill Rd
  • Picture Framing business can be purchased with Real Estate
  • 5100 sq ft building with plenty of parking
  • Can be sold with abutting 1.38 acre lot with updated Single Family Home

Executive Summary

Owner willing to consider Seller Financing. Attention business owners + investors: location, location, location! Multiple options for your business or real estate investment
located on busy & bustling Route 2 in Warwick! There are multiple opportunities here beginning with a 5,100 sq ft commercial retail property featuring 2 units on almost a half acre of land in the middle of Bald Hill Road. The main unit is currently used as a
picture framing business that can be purchased with the building. Business has healthy financials, as well as a solid & consistent customer base. Property features ADA compliant entry and bathroom, well-kept pavement, 25 parking spaces, 2 oil tanks, 2 electric meters, 5 ton HVAC, fire alarm, monitored internal and external cameras, and high ceilings. The 2000 SF tenant unit has 10x10 and 8x10 drive in access. Each unit has a private bathroom. Sewer tie in is possible here. The rear of the property abuts a piece of land which is also for sale, 1.38 acres, which has a single family home on it. It is a 3 bed, 1.5 bath, 1248 SF Colonial home at 818 Tollgate Road, which can also be included in the sale. The combined properties could allow through traffic from Bald Hill Rd. to Toll Gate Rd as both properties are near the intersection. The home features vinyl siding, a quaint front porch with composite decking, gas heat, central air, hardwoods throughout, stainless steel appliances, and a beautiful back deck. So many options – set up your private showing today!

Financial Summary (Actual - 2021) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2021) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,100 SF
Building Class
B
Year Built/Renovated
1971/2013
Price
$1,099,000
Price Per SF
$215
Cap Rate
9.33%
NOI
$102,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.06
Lot Size
1.83 AC
Zoning
GB - GB - General Business
Parking
25 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
74 FT on Bald Hill Road

Amenities

  • Bus Line
  • Property Manager on Site
  • Pylon Sign
  • Security System
  • Signage
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • American Picture Frame
  • Retailer
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
American Picture Frame Retailer 99,999 SF - -

Nearby Major Retailers

WW
Trader Joe's
Bank of America
Saladworks
Burn Boot Camp
Chase Bank
Jenny Craig
Planet Fitness
Olive Garden
Smokey Bones

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WARW-000260-000063-000000
Land Assessment
$297,100 (2024)
Improvements Assessment
$344,000 (2024)
Total Assessment
$641,100 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2021
  • Listing ID: 26997064

  • Date on Market: 10/28/2022

  • Last Updated:

  • Address: 1094 Bald Hill Rd, Warwick, RI 02886

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