Development OR Income - You Choose

Retail-Commercial for Sale
Catylist Listing ID: 30668030
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 8,216 SF
Gross Land Area: 35,000 SF
Sale Price: $1,299,900
Unit Price: $158.22 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 8,216 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/2/2021

Overview / Comments

Four contiguous parcels with over 10,000 sq. ft. of leased and leasable space. 3,000 sq. ft. restaurant and banquet space fully ready to go. Great for owner occupant restauranteur / entrepreneur with rental income to boot. Or develop 1/2 a city block with potential for a whole block of frontage on Charles St. 5th parcel on Charles St. may also be available for additional investment. So much potential here. 8 units of residential in 3 buildings including mixed use restaurant / banquet building. Additional basement space in all buildings, and garage/ loading space in main building.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: North Providence
Tax ID/APN: NP 2-588, 2-585, 2-589, 2-429
Zoning: CV
Retail Clientele: Family, Business
Property Located Between: May and Obed
Property Visibility: Excellent
Largest Nearby Street: Charles St.
Feet of Frontage: 528
Highway Access: Minutes to 146
Airports: PVD, BOS
Site Description: Nearly an acre of land. 3 of 4 lots improved with multifam and mixed use. 1/4 acre undeveloped. Currently paved as parking.
Area Description: Urban - bus lines adjacent to property. Surrounded by retail, commercial, and residential uses.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 3
Typical SF / Floor: 800 SF
Property Condition: Average
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick, Brick/Vinyl Siding, Vinyl Siding, Wood Frame, Wood Siding, Wood Shingle
Parking Type: Surface
Heat Type: Other
Lot Frontage: 528
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,543 214,202 399,259
Median Age: 37.4 34.96 35.74
Households: 9,462 83,332 154,066


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.