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152 Forbes St 5,260 SF 100% Leased Office Building Riverside, RI 02915 $950,000 ($180.61/SF)
Investment Highlights
- Contractor owned and occupied building for 40 years
- Includes 4, 1 bedroom residential apartment units
- Building is in superior condition
- Centrally located and convenient to Routes 114, I-195 and many area amenities
Executive Summary
152 Forbes Street is a multi-use, contractor owned and occupied building for over 40 years. This property has been meticulously maintained with an "open checkbook" with no known deferred maintenance. The building is currently occupied by a construction company on the first floor and lower level and has 4, single bedroom apartments on the top floor. Building can be converted back to all apartments should one desire. There is also a 700 SF garage on-site utilized by the construction company.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,260 SF
Building Class
C
Year Built/Renovated
1900/1995
Price
$950,000
Price Per SF
$180.61
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,630 SF
Building FAR
0.24
Lot Size
0.50 AC
Zoning
C4
Parking
6 Spaces (1.14 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | EPRO-000411-000005-000086 | Improvements Assessment | $332,500 |
| Land Assessment | $148,700 | Total Assessment | $481,200 |
Property Taxes
Parcel Number
EPRO-000411-000005-000086
Land Assessment
$148,700
Improvements Assessment
$332,500
Total Assessment
$481,200
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152 Forbes St
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