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1019 Main St - Barrett Service Center (+ 1019 Main St) Specialty Building Offered at $529,900 at a 9.90% Cap Rate in Hope Valley, RI 02832

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INVESTMENT HIGHLIGHTS

  • High Visibility, near I-95 and 10 minutes to Westerly, Midway to Boston and New York. Pfizer and Electric Boat nearby. Casino's are 15 mins away
  • Foxwoods and Mohegan Sun 15-20 minutes away.
  • GREAT BUSINESS OPPORTUNITY, TWO BLDGS-GAS STATION-RETAI BLDG OR STORAGE BLDG-HIGH TRAFFIC COUNT.

EXECUTIVE SUMMARY

GREAT BUSINESS OPPORTUNITY, TWO BLDGS-GAS STATION-RETAI BLDGOR STORAGE BLDG-HIGH TRAFFIC COUNT-
Turnkey investment opportunity! This property has been a family-owned business for many years and has been providing service and sales to Southern Rhode Island and Eastern Connecticut since 2004. There are two buildings on their own lots. One building supports the retail sales and parts, and the other building is a full-service center. Inventory not included in sale ($225,000 for inventory), New roof, 1 layer, gutters and siding as needed. Option of making the 2 buildings into 6 rental units or condo conversion. Also new electrical upgrade. Includes a Phase I study and the land is clean. This property is easily accessible from I95, Rte 138 and Rte 3, high street visibility and traffic. Great established business! P & L available upon proof of funds

PROPERTY FACTS

Price $529,900
Price Per SF $160.58
Sale Type Investment or Owner User
Cap Rate 9.90%
Sale Condition Redevelopment Project
Property Type
Specialty
  • Specialty Carwash
  • Specialty Auto Salvage Facility
  • Specialty Recycling Center
Building Size 3,300 SF
No. Stories 2
Year Built/Renovated 1960/2023
Zoning NB - Large Bus Mdl-94 027/ 000/ 00136/ /

AMENITIES

  • Car Charging Station
  • Air Conditioning
  • Backup Power / Generators
  • Listing ID: 38929996

  • Date on Market: 12/30/2025

  • Last Updated:

  • Address: 1019 Main St, Hope Valley, RI 02832

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