8 Ridgewood Road Charlestown, RI $ 899,900
8 Ridgewood Road
$ 899,900
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8 Ridgewood Road

Charlestown, RI, 02813
$ 899,900
Baths0.0 Sq 3,628

Monthly Estimate*

$ 5,981

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Studio

Commercial Property for sale in Charlestown, RI

for $899,900. This 3,628 square foot building was built in 1960 on a lot size of 0.84.

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.

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Commercial Active

Price

$ 899,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,757

Style

Commercial

Lot Size

0.84

Year Built

1960

Town/City

Charlestown

County/Region

Washington

MLS | Web ID

1358804

Features
General
Sewer SepticTank
Heating Baseboard ForcedAir
Cooling CentralAir
Utilities ElectricityAvailable FiberOpticAvailable PhoneAvailable WaterAvailable
Zoning MDL-94
HOA 0.0
Security Features BuildingSecurity CarbonMonoxideDetectors KeyCardEntry SecurityLights SecurityService
Construction Materials Frame Steel
Year Built 1960
Electric Item100AmpService CircuitBreakers
Stories 2
Levels Two
Property SubType Commercial
Tax Year 2020
Business Type Mixed Recreation Retail
Community Features HighwayAccess NearHospital
County Washington
Insurance Expense 10735.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Possible Use Agricultural Commercial Investment MixedUse Office Retail Warehouse
Garage Y/N Y
Status Active
City Charlestown
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 2
Lot Size Units SquareFeet
Lot Size Square Feet 36590.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Street Name Ridgewood
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 2757.0
Home Warranty Y/N N
Trash Expense 1685.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 10
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 334500
Tax Lot 169
Ownership Type LLC
Cap Rate 6.5
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Interior
Basement None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3628.0
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Well
Total Parking 25.0
Lot Size Area 36590.0
Foundation Details ConcretePerimeter SeeRemarks
Number of Buildings 2
Spa N
Building Area Total 3628.0
Lot Size Acres 0.84
Frontage Length 140
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8
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* Excluded Features
List By
Re/Max Flagship, Inc.

Broker

Jkrekorian@rihomesearch.com

Email

Affordability Calculator

$6,211
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,981
Monthly Property Taxes
$230
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/10/2024$899,900 Listed Price

Map


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8 Ridgewood Road, Charlestown, RI, 02813 is a Commercial Property for sale at $899,900 with 3,628 sqft and a lot size of 0.84. 8 Ridgewood Road is a studio with 0.0 baths and was built in 1960. The property's zip code is 02813 which is in Charlestown, RI