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Under Agreement - Open House & Auction Postponed
Auction: W. WARWICK, RI - 1.91+/- AC. REDEVELOPMENT SITE PREVIOUSLY USED AS 17,234+/- SF BANQUET HALL & RESTAURANT
Ref No.: 19-1847
272 Cowesett Ave., W. Warwick, RI
UNDER AGREEMENT - OPEN HOUSE & AUCTION POSTPONED
1.91+/- Acre Site
Zoned B, R-8
Previously used as 17,234+/- sf. Banquet Site & Restaurant k/a "The Villa"
Drive through grandfathered
Capacity for 550 patrons
Fire code updated
On Rt. 3 in high traffic area up to 20,000 cars per day
CLICK HERE for W. Warwick Zoning Code of Ordinances
Terms: 10% deposit of which $25,000 must be presented by certified or bank check at the auction. Remainder of the 10% deposit in wire transfer, certified or bank check due by 4pm ET on Friday, October 25, 2019. 45 days to close. 10% buyer's premium will be added to the final bid and that sum shall constitute the purchase price. Complete terms & conditions in Property Information Package (PIP). Other terms, if any, to be announced at the sale. Announcements or changes made from the auction block or within the purchase agreement take precedence over any previously printed materials or oral statements made.
Pre-Auction Offers: Must be tendered on a signed JJManning approved P&S Agreement & accompanied by a 10% certified deposit in certified or bank check or by confirmed wire transfer.
Buyer's Broker Terms: Up to 2% Broker Commission Offered. Mandatory 24-hour broker pre-registration. Click link on right-hand side for full terms & registration page.
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