323 Main St
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323 Main St
5,296 SF 100% Leased Retail Building Wakefield, RI 02879 $1,912,765 CAD ($361 CAD/SF)
Executive Summary
Rare opportunity to own a signature downtown Wakefield commercial building. Located on historic Main Street: the heart of South County, rich in cafés, galleries, theatre, local shops, and a few blocks from some of the busiest CVS, Starbucks and grocery stores in New England. A multi-unit building, currently comprised of a 5,185 sf restaurant unit and an 1,302 sf boutique unit, totaling 6,487 square feet of retail space, with 95 linear feet of showroom frontage on Main Street, visible from both directions, with high foot traffic, and steps from the South County Bike Path. The building also contains approximately 1,400 square feet of flex space that was formerly an apartment. Other essential qualities include 23 private parking spaces, city utilities, a full liquor license, 200 seat capacity, a roof-top lounge, mixed use zoning, and an extensive equipment list, . A lucrative opportunity for either an investor or end-user. Building transfers with vacant restaurant space and tenanted retail space.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,296 SF
Building Class
C
Year Built
1920
Price
$1,912,765 CAD
Price Per SF
$361 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.41 AC
Zoning
CD - Commercial Downtown, the central business district, which developed along Wakefield's Main Street and include neighborhood retail & residential uses.
Parking
20 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
95 ft on Main St
Amenities
- Bus Line
Walk Score ®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,374,756 CAD | |
Land Assessment | $634,005 CAD | Total Assessment | $2,008,761 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$634,005 CAD
Improvements Assessment
$1,374,756 CAD
Total Assessment
$2,008,761 CAD
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323 Main St
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