commercial real estate
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RISBJ | rhode island small business journal
THE RHODE ISLAND THE RHODETHE ISLAND RHODE ISLAND
APPRAISAL COMMERCIAL & APPRAISAL COMMERCIAL & APPRAISALCOMMERCIAL BOARD OF&REALTORS BOARD OF REALTORS BOARD OF REALTORS
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News from the Rhode Island Commercial and Appraisal Board of REALTORS® The General Assembly in Rhode Island has been contemplating re-introducing the Historic Tax Credit to our state. The leadership at the RI Commercial and Appraisal Board of REALTORS® lauds the efforts of House Speaker Gordon Fox, Senate President Theresa Paiva-Weed and Governor Chaffee to find a reasonable compromise that brings growth back to the Rhode Island economy. The measures being discussed would invigorate our economy by creating jobs, revitalizing neighborhoods and expanding the tax base in our state. Our leadership at the Rhode Island Commercial and Appraisal Board of REALTORS® has urged our elected officials to consider the following: • The new Historic Tax Credit program should be tailored to be available to a wide range of projects – we support per project caps on the investment credits. • Create a level playing field. While apprentice programs that employ and train skilled crafts people are a good idea, many of the parameters have the unfortunate consequence of hindering projects of a smaller scope or failing to recognize newer apprenticeship programs. • To be competitive both regionally and nationally, Rhode Island must implement an historic tax credit program. Over 30 states across the country host historic tax credits, Rhode Island needs to offer an attractive investment platform to entice investment dollars that are now going elsewhere.
The Rhode Island Commercial and Appraisal Board of REALTORS® hosts a range of education and informational services for our members! Join us as an industry expert!
As House Bill 6060 and Senate Bill 733 move through the political process, we encourage our elected leaders to consider the positive impact this legislation, or a hybrid compromise, will have on Rhode Island’s future. Increased employment, a stronger tax base, revitalized communities and a competitive playing field will help build sustainable economic growth for our future.
Contact the Rhode Island Commercial and Appraisal Board of REALTORS® at (401) 274-8386 or visit us at www.ricabor.org.
Respectfully submitted, Arthur Yatsko
For more information visit us at www.ricabor.org www.risbj.com | volume one
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THE RHODE ISLAND
COMMERCIAL & APPRAISAL BOARD OF REALTORS® P RO P E RT Y F O R L E A S E
Several Prime Office Locations:
Providence, Warwick, Johnston, North Kingstown, South Kingstown, and Exeter. Call for details and address Several to choose from, Some For Sale or lease. Financing available. Call for details.
747 Pontiac Avenue, Cranston:
Individual office space from 200 sq. ft. to 2,000 sq.ft. Busy Pontiac Avenue location near Rolfe Square- walk to everything! Good for start up or incubator space, you can add space as you grow! RILiving.com MLS #1031022
20 Centerville Road, Warwick:
Former school; solid brick construction. Very nice 2nd floor space; owner on 1st floor. Space plan attached. Great Apponaug location! Quick highway access and walk to Apponaug Village amenities! RILiving.com MLS #988739
1755 Smith Street, North Providence:
Former Dunkin Donuts for over 30 years (they bought & moved across the street). Seats 30+. Has a drive-thru. Parking for 20+. GREAT for ANY fast food concept. 2000 sq. ft. $3,200/mo. RILiving.com MLS #1028322
635 Arnold Road, Coventry:
Great location at Exit 7 near Centre of New England. 800’ front retail/office- Rear 1700’ warehouse service area with 14’W x 10’L O.H. door. Fully air conditioned!! Recently TOTALLY RENOVATED!!! Reduced to $2290 per/mo. RILiving.com MLS #1024237
2006 Nooseneck Hill Road, Coventry:
4300 sq ft very strong retail area, next to Advance Auto, former Pet Place, great for food or retail. Below market rent $15. psf
30 Phenix Avenue, Cranston:
74 Nooseneck Hill Road, West Greenwich:
Great office or salon/studio space in Knightsville. Handsome building with historical charm in excellent shape. Close to amenities and highway. 2 story salon=900sf. One level office=640sf. Two full baths with shower. Basement storage. RILiving.com MLS #1039958
4 Grafton Avenue, Coventry:
Free Standing Commercial Building-PRIME location next to The Centre of New England-Exit 7 on Rt95.The building has many offices,a kitchen/cafeteria area,reception,storage & IT room. 1st floor office is 1650 sf, 2nd fl. office 2,000 sf, the warehouse is 1600sf w/650sf mezzanine. Sale at $495,000 or lease at $10 psf. RILiving.com MLS #1031877
Realty Group
Commercial • Investment • Residential
401-886-7800 www.ButlerRealty.us RISBJ | rhode island small business journal
146 Granite Street, Westerly:
Class A Coventry Credit Union Corporate Office (CCU occupies entire 2nd floor). 1st floor space available from 1880-8200sq ft. Very nice common area’s include cafeteria. Plentiful parking. On Rt3, 1 mile from Rt95 & Exit 6. Office, medical, studio... $12 psf. RILiving.com MLS #1036614
Butler
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577 Tiogue Avenue, Coventry:
1220 sq ft adjacent spaces (2240 sq ft total) on the second floor. Located in a very nice building! Big picture windows in the units with waterviews! Elevator available and nice common area. Join the newest Dragon Palace Restaurant. MLS# 1032254
Great Route 3 location just ½ mile from Rt 95 exit 6, nicely appointed office or retail suite with several offices and open area,was HQ for Bess Eaton & Tim Hortons. Fresh paint and carpets. 600-1600’, from $10 psf/yr. RILiving.com MLS #990071
1 Brown Street, North Kingstown:
Wickford Village- Excellent location on corner lot. Visible from three streets. Big windows, good foot traffic. Larger unit (1,500 sq ft) beautifully finished, windows on two sides. Smaller unit (1,000 sq ft) needs finishing. Can be combined. CALL NOW! RILiving.com MLS #1030851
Many more Commercial Properties @ www.ButlerRealty.us .... or email Jeff Butler at jab@ButlerRealty.us Trusted Real Estate Service Since 1977 Looking to Buy or Lease? Call the Butler!
THE RHODE ISLAND
COMMERCIAL & APPRAISAL BOARD OF REALTORS® P RO P E RT Y F O R S A L E
400 South County Trail, Exeter:
Great location!! Design Award of Excellence. Private baths. Centrally located 6 minutes South of Home Depot in North Kingstown. Easy access at the gateway to South County. Taxes are approximate. Assessment as unfinished. 900-4,000 sq.ft. available. From $124,000 RILiving.com MLS #995461
1801 Smith Street, North Providence:
Great little 2 unit commercial, completely rebuilt in 1982. Could be a live-in/ office/ retail. High $100’s RILiving.com MLS # 1032623
747 Pontiac Avenue, Cranston:
Great location near Rolfe Square. Three floors of office suites from 200 sq ft and up. Good income generator or large owner occupied office. Owner keeping several suites clear anticipating a larger user to buy/occupy and have income. $800’s
RILiving.com MLS#1020960
2614 West Shore Road, Warwick:
132 Meadow Street, Warwick:
Busy Rt 117/Wildes Corner location opposite new Burger King & TD Bank,adjacent to Bennys.New roof,siding,windows,panel box,wiring,fire alarm&heat sensors. Ready for your finish. 1st Fl 2400’,2nd Fl 1200’,basement storage/walkout. Planned for Pub/ Cafe. Lease or Sale - $400’s RILiving.com MLS #1032619
Great location off Rt.117, 1 mile East of Exit 10. Office/ Mfg Wrhse combo. Great value for user. Nice, clean, bright space! This bldg has been substantially updated & is turn key ready to go. Owner can also modify to suit! Lease option available. $500’s RILiving.com MLS #1013527
65 Montebello Road, Warwick:
39 Nooseneck Hill Road, West Greenwich:
Great block building with two overhead doors, heavy power, and 2nd floor office. Great access to highway, train, and airport. Low $200’s
222 Jefferson Boulevard, Warwick:
Class “a” law office includes conference room, 4 private offices, lavette, reception, storage, kitchen. Reduced to High $100’s RILiving.com MLS #981620
Large multi-use building offers great flexibility, possible multiple tenants. The church would consider a lease-back of 10,00015,000sq ft. Additional 14 acres adjacent also available. Great Rt.3 location just a mile north of Rt.95, Exit 6. Huge Reduction! $1,200,000 Motivated Seller! RILiving.com MLS #1029643
400 South County Trail, Exeter:
Approved Development Zoned Business 17+acres.Current permitted plans for 7 office building for total of 86,000net sf.MANY POTENTIAL USES. Central Rt.2 location minutes from Home Depot/Walmart in N.Kingstown. Easy highway access-strong traffic count! Reduced $800’s RILiving.com MLS #1029590
N CTIO EDU R E HUG
111 Hopkins Hill Road, West Greenwich: ½ acre – 16 acres Very fast growing area off Exit 6A near GTech, Amgen & Centrex. Front pad is busy Dunkin Donuts, balance of site permits office, retail, warehouse & light industrial. Traffic count 15,000 and growing! Multitude of possibilities- 6 other avail. lots. From $150,000 RILiving.com MLS #855989
4 Grafton Avenue, Coventry:
Free Standing Commercial Building- PRIME location next to The Centre of New England-Exit 7 on Rt95.The building has many offices,a kitchen/cafeteria area,reception, storage & IT room. 1st floor office is 1650sf, 2nd fl. office 2,000 sf, warehouse is 1600sf w/650sf mezzanine. Sale at $495,000 or lease at $10 psf. RILiving.com MLS #1031857
Butler
Realty Group
Commercial • Investment • Residential
401-886-7800 www.ButlerRealty.us
7265 Post Road, North Kingstown:
7.82 acres on US Rt.1. Zoning permits apartments/office/medical/retail. Many possibilities!! Will build to suit, sale or lease, or land only. Great location. Dozens of acres and walking trails behind property. Adjacent 5+- acres also available. Call For Details! RILiving.com MLS #856381
Many more Commercial Properties @ www.ButlerRealty.us .... or email Jeff Butler at jab@ButlerRealty.us Trusted Real Estate Service Since 1977 Looking to Buy or Lease? Call the Butler!
www.risbj.com | volume one
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THE RHODE ISLAND
COMMERCIAL & APPRAISAL BOARD OF REALTORS®
Peter M. Scotti & Associates, Inc.
Inside Cover C May 10 - 16, 2013
Rhode Island
New England Real Estate Journal
Visit the paper online nerej.com
PeterBrokerage/Appraisal/Management M. Scotti & Associates, Inc. BArokerage /appraisal /ManageMent Full Service Real Estate Company A full Service Real Estate Company
RETAIL CENTER FOR SALE 440 STAFFORD RD., FALL RIVER, MA
63,000 SF GROCERY ANCHORED RETAIL SHOPPING CENTER. 95% OCCUPANCY WITH GREAT HISTORIC CASH FLOW. 6 ACRE LAND PARCEL WITH SUBSTANTIAL ON SITE PARKING. PRICE: $6,500,000 JIM MOORE EXT. 14
wATERFRONT DEVELOPMENT SITE PARASCANDOLA wHARF, NEwPORT, RI 57,900 SF LAND SITE, 74,000 SF WATER- 1,000 FEET ON NEWPORT HARBOR WATERFRONT BUS zONE ALLOWS HOTEL, REST, MARINA, MUL FAM, MIX LAST WHARF DEVELOPMENT OPPORTUNITY IN NEWPORT, RHODE ISLAND
AUTO DEALERSHIP FOR SALE 296 g. w. HIgHwAy, SMITHFIELD,RI
15,680 SF BUILDING WITH SHOWROOM, SERVICE, BODY SHOP, OFFICES 8.25 ACRE SITE WITH 300 CAR PAVED PARKING zONED PLANNED CORP. SELLER WILL CONSIDER OWNER FINANCING, PRICE: $1,975,000.00
INDUSTRIAL FOR SALE 20 HIgH ST., PLAINVILLE, MA 53,500 SF STEEL BUILDING ON 9.66 ACRES OF LAND 20-24 FOOT CEILING HEIGHTS, DOCK & OVERHEAD LOADING HEAVY POWER, OFFICES, PAVED PARKING 50 CARS. PRICE: $2,495,000.00
COMMERCIAL bUILDINg FOR SALE 819 wESTMINTER ST., PROVIDENCE, RI
17,100 SF TWO STORY BRICK BUILDING IN HOYLE SQUARE, ON SITE PARKING FOR 33 CARS, EXCELLENT ACCESS AND VISIBILITY, GREAT REDEVELOPMENT OPPORTUNITY. PRICE: $565,000.00
COMMERCIAL/RETAIL SITE FOR SALE 250 CRANSTON ST., PROVIDENCE, RI
18,200 SF BUILDING AREAS, 38,778 SF LAND EXPANDABLE, HIGH TRAFFIC LIGHTED INTERSECTION, CURRENT USE AUTOMOTIVE, EXCELLENT URBAN RETAIL/COMMERCIAL SITE. PRICE: $1,099,000.00
MEDICAL OFFICE SUITES FOR LEASE 49 SEEKONK ST., EAST SIDE/PROVIDENCE
2,000 - 9,400 SF SUITES WET EXAM ROOMS, LABS WAYLAND SQUARE LOCATION
AMPLE ON SITE PARKING GROUND LEVEL H/C ACCESSIBLE COMPETITIVE RENTS
Peter M. Scotti & Associates, Inc. • 401-421-8888
Peter246 M.Hope Scotti & Associates, Inc.Island • 401-421-8888 Street, Providence, Rhode 02906 Visit our web page at www.scotticommercial.com 246 Hope Street, Providence, Rhode Island 02906 Visit our web page at www.scotticommercial.com RISBJ | rhode island small business journal
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