Description
The opportunities are plentiful with this mixed-use property located on a corner lot in Knightsville, just steps from Itri Park and the area's popular dining establishments. The site consists of 2 buildings and one 2,000 sf lot, offering 5 residential units and 2 businesses in total. The warehouse is currently shared by a cleaning and plumbing company, with an open layout for offices, desks and supplies, and dedicated use of the oversized two-car garage. The second business is a salon with multiple styling chairs, a mani-pedi area, and a separate esthetician room. These two flexibles spaces lend themselves to any number of uses. The multi-family component consists of 5 residential units featuring a variety of amenities including in-unit laundry & AC, lots of windows and natural light, and either a rooftop deck or patio for outdoor enjoyment. Consider offsetting your business expenses with on-site rental income! There's ample parking to accommodate both business clientele and residential vehicles. The utilities are separate with individual electric meters and heat for all units. Rents are currently below market value with long-standing tenants and no leases in place. The location is easily accessible to highways and close to all conveniences.
-
0BEDS
-
0.39ACRES
-
0BATHS
-
01/2 BATHS
-
8,471SQFT
-
$115$/SQFT
School Ratings & Info
Description
The opportunities are plentiful with this mixed-use property located on a corner lot in Knightsville, just steps from Itri Park and the area's popular dining establishments. The site consists of 2 buildings and one 2,000 sf lot, offering 5 residential units and 2 businesses in total. The warehouse is currently shared by a cleaning and plumbing company, with an open layout for offices, desks and supplies, and dedicated use of the oversized two-car garage. The second business is a salon with multiple styling chairs, a mani-pedi area, and a separate esthetician room. These two flexibles spaces lend themselves to any number of uses. The multi-family component consists of 5 residential units featuring a variety of amenities including in-unit laundry & AC, lots of windows and natural light, and either a rooftop deck or patio for outdoor enjoyment. Consider offsetting your business expenses with on-site rental income! There's ample parking to accommodate both business clientele and residential vehicles. The utilities are separate with individual electric meters and heat for all units. Rents are currently below market value with long-standing tenants and no leases in place. The location is easily accessible to highways and close to all conveniences.
![[Rhode Island Statewide MLS] logo](https://static.boomtownroi.com/content/photos/rhodeisland/idx/idx-large.gif)
© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-11-30T15:37:43.453.