Land For Sale with Approvals for a 5-Story Development

Vacant Land for Sale
Catylist Listing ID: 30364211
Property Subtypes: Multi-Family, Retail
Gross Land Area: 0.47 Acres
Sale Price: $1,050,000
Unit Price: $2,234,042 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2019

Overview / Comments

Prime Location with APPROVALS for a Five-Story Approved Development. This 20,473 sqft of Land with 160.4 Frontage Comes Complete with a City Plan Commission Approved Mixed-Use, Zoned C-1. The Approved Development is for 40 Residential Units, Ground Floor Retail Storefronts and 40 Parking Spaces Partially Enclosed and Partially in an Open Surface Lot. Property Location is on the Corner of Atwells Avenue and Knight Streets. All Utilities Are Available. The Location on Historic Federal Hill is in Walking Distance to an Abundance of Top Culinary Fare, Theaters Featuring Broadway Shows, Top-Ranked Colleges & Universities, Downtown Providence Famous for WaterFire, Dunkin Donut Center & Convention Center, All Major Highways, Train Station and Bus Route.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Zoning: C-1
Property Located Between: Atwells Avenue & Knight Street
Property Visibility: Excellent
Highway Access: Close to I-95, Rte 10 & 6
Lot Frontage: 160
Part of Planned Development?: Yes
Topography: Level
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 49,399 255,167 461,460
Median Age: 30.15 33.16 36.31
Households: 18,856 94,975 179,484

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