1 Spring St
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1 Spring St
3,351 SF 1% Leased Retail Building Hope Valley, RI 02832 £274,543 (£82/SF)
Executive Summary
Prime location mixed-use opportunity available! Seize the chance to own this versatile property in a high-traffic corner location, just steps from vibrant shops and minutes from the interstate. Previously home to the beloved "Spring Street Pizza", a thriving business with loyal patrons for over 20 years, this space is perfect for a restaurant or business venture. The storefront offers a spacious, open-concept layout, complete with a cozy pellet stove, coolers, and ample room for dining or other retail purposes. There are private back offices for management and storage, along with a brand-new fire system in place. Inventory has been removed but sale will include all equipment related to restaurant including ovens, walk in freezer, etc. Large parking lot with separate parking for residential unit. Upstairs 2-bedroom spacious apartment full of natural light was continuously rented for many years and is newly vacant. Don't miss your opportunity to make your business dreams a reality in this sought after location!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
3,351 SF
Building Class
C
Year Built
1940
Price
£274,543
Price Per SF
£82
Percent Leased
1%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.55
Land Acres
0.14 AC
Zoning
NB
Frontage
100 ft on Spring Steet
PROPERTY TAXES
Parcel Number | HOPK-000027-000000-000055 | Improvements Assessment | £192,808 |
Land Assessment | £33,808 | Total Assessment | £226,616 |
PROPERTY TAXES
Parcel Number
HOPK-000027-000000-000055
Land Assessment
£33,808
Improvements Assessment
£192,808
Total Assessment
£226,616
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Presented by
RE/MAX Advantage Group
1 Spring St
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