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8 Ridgewood Rd
Charlestown, RI 02813
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Excellent visibilty for this niche local full service independent hardware store serving local contractors and tradesmen for over 30 years
  • Wood framed primary building with storefront with a 2-bedroom apartment upstairs. 2 additional storage buildings
  • Centrally located between Narragansett and Westerly, Compass Hardware provides year -round service along the shoreline

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
3,636 SF
Building Class
C
Year Built
1960
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.42 AC
Zoning
C2 mixed use ,residential - MDL-94 commercial mixed use, residential, recreation, retail, office.
Parking
25 Spaces (6.88 Spaces per 1,000 SF Leased)
Frontage
189’ on Ridgewood Rd

AMENITIES

  • Air Conditioning

ABOUT 8 RIDGEWOOD RD , CHARLESTOWN, RI 02813

Over 30 year old independently run hardware store in South County RI. This locally operated store is a tremendous resource to contractors, municipalities, farms, year-round and seasonal vacation homes in this captive marketplace. This business has clearly filled a niche with an established and expanding customer base along the south shore of Washington County. The property consists of a retail store, office, storage and a residential 2- bedroom apartment that provides additional income as a rental. There are multiple outbuildings, storage sheds and pods. Also multiple coal bins and large pre-engineered metal warehouse/garage outbuilding. This unique business is geared to support contractors and Southern Rhode island consumers with plumbing, electrical, cleaning, and painting sundries, lawn and garden supplies and much more. The store also carries and delivers bulk coal as well as pellets and has a propane filling station. Other services include key making, sharpening services, faxing, copying and laminating. Assets include a skid steer, coal truck and new POS (point of sale) system. There are many opportunities to expand the business model and capitalize on the home improvement trends in a very attractive geography with a stable and growing customer base. This is a time-proven opportunity to own and run your own business and make a very good living for an owner or investor.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
CHAR-000013-000000-000169
Land Assessment
$119,100
Improvements Assessment
$223,800
Total Assessment
$342,900
  • Listing ID: 29234836

  • Date on Market: 8/9/2023

  • Last Updated:

  • Address: 8 Ridgewood Rd, Charlestown, RI 02813

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