RPL Commercial sold a 23,000 s/f brick building located at 176 Narragansett Ave. in the Elmwood section of the city for $462,500. This 1930s single level brick warehouse/distribution building is located on a 1 acre lot and has highway access.
Nelson Taylor of the Taylor Group at RPL Commercial listed the property for sale and represented the seller, Modern Industries Inc. The buyer, Ha & Ahn Properties, plans a retail and wholesale Asian supermarket at the property. The building was originally listed for $599,000 and was on the market for 223 days.
RPL Commercial is the commercial arm of Residential Properties Ltd., Rhode Island's largest independently-owned real estate brokerage. The Taylor Group specializes in representing both buyers and sellers of multi-family residential buildings, investment opportunities, and unique commercial properties.