BRISTOL, RI– Coastal Commercial Real Estate is pleased to announce the successful Sale of 60 Magnolia Street, located in Bristol, Rhode Island.

The 3,000 SF free-standing steel building was a longtime successful machine shop,

MGB, Inc. All equipment, fixtures, materials, and furniture in the building were very well-maintained and included in the sale.

The property featured 3 phase electric, 2 overhead heating units,12’-14’ ceilings, a 10’x12’ loading dock, and a large side door for the convenience of moving equipment in and out. The main entrance led to 2 spacious offices and 2 restrooms.

The building is in an ideal location near Downtown Bristol and close to Routes 24, 114, & 136. Neighboring industrial businesses are Contente’s Precision Auto, B & G Auto Detailing, Gilberts Auto Services, and Empire Bottling Works.

Lori A. Nery, CBR, LMS, GRI, Broker and Vice-President of Coastal Commercial Real Estate represented the Seller, Manuel Botelho.

The transaction took place on January 10, 2022, and the terms were undisclosed.