CCertihomes
8 Ridgewood, Charlestown, RI 02813

$899,900

0 beds 0 baths Built 1960Active

About this home

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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$7,807/mo

Real estate (PITI + HOA + PMI)
$5,847
Principal + interest$4,081
Property tax + insurance$1,429
PMI / 2nd mortgage$337
Utilities
$4,136
Heating + cooling$1,915
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$134
Car insurance + maintenance$134
Other (entertainment)
$140
$7,807/mo TLC
Budget$8,307/mo
Remaining after TLC$500/mo
Purchase price
$899,900
Down payment
$44,995 (5%)
Loan amount
$854,905
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1960
Lot size
0.84 ac
Stories
2
Heating
Baseboard, Forced Air
Cooling
Central Air
Water
Well
HOA
Annual tax
$2,757
MLS #
1358804
County
Washington

At a glance

Air conditioning

Home features

Interior
Ceiling Height: 7-9 Ft
Sewer
Septic Tank

Lot features

Security, Free Standing, Suburban

Neighborhood — 02813

MetricThis ZIPCountyUSA
Population8,6791,095,423299,088,112
Population Change Since199033.00%9.00%20.00%
Population Density213994
Male4,314529,266147,432,321
Female4,365566,157151,655,844
Never Married1,397266,40463,775,926
Married4,742435,678123,120,365
Separated16543,64212,639,686
Widowed45966,66815,467,586
Divorced55283,84323,075,029
Number Of House Hold3,247410,399111,826,380
Average House Hold Size2.662.562.60
Medial Age42.6637.2735.46
Median House Hold Income$61,196$47,553$48,276
Average House Hold Income$75,432$61,609$63,629
P C I$28,517$23,965$24,529
M D I$50,665$40,634$41,133
A T H E$58,115$49,940$50,898
S T R7.00%7.00%
W C J72.05%78.02%77.74%
(Zip) Code
2813

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/10/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.