This is not a list price. This is the county tax assessor's estimated value for the property. When a list price becomes available we will publish it and along with changes to the contact information.Assessed Value: $469,800
Investment opportunity for to buy the Flanagan Building at the highly visible t-intersection in the heart of Phenix. This property is trulya Phenix that Defies Traditional "Cap Rate" calculations. The Seller seeks an entrepreneurial buyer with enough vision and acumen to realize its true value. This commercial mixed-use building consists of 5 currently leased residential units (three-2bed & two-1bed)(each unit has own water tank & Furnace), that sit atop 3 vacant, commercial units (Could be Zoned for 5 Commercial?? - see additional Tax Card #2), awaiting your vendors unique specifications to launch their businesses. The 1st Commercial Unit was a Bar for 30 years, and has been completely gutted, but for the HVAC Return and duct work. It is plumbed for 2 Restrooms and a kitchenette space, and ready to be rebuilt to your specs. The 2nd, middle unit has a fully equipped kitchen (former Take-out), perfect for a stand alone, take-out restaurant, or retrofitted to augment the adjacent unit, that could to be built-out to spec as a pub/tavern. The 3rd unit is move-in ready, awaiting your new tenant's specs . Both parking lots exceed commercial and residential needs. Agents and Buyers are ...
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to exercise their own due diligence as to the permits and zoning of the building's past and present layout, configuration, and usage. General Selling Terms: AS-IS & at ASKING PRICE (traditional Cap Rates do not apply). Seller Will NOT Consider Financing.This owner financing home is a commercial property located in WEST WARWICK. It offers 0.42 acres in size, beds and 3 baths. Review its detailed information and determine if this WEST WARWICK owner financing has the qualities you are looking for.
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This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.