Mixed Use Live Work Building

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30589472
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending/Contingent
Building Size (RSF): 6,207 SF
Gross Land Area: 0.08 Acres
Sale Price: $325,000
Unit Price: $52.36 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 305 Pocasset Avenue
Usable Size (USF): 6,207 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/8/2020

Overview / Comments

305 Pocasset Avenue is a 3 level, mixed use brick and wood frame building consisting of 2,000sf of first floor retail/office space, two spacious 3 bedroom apartments and a 1,300sf 6 car heated garage. All units are heated with separate oil boilers. Roof was installed in 2008. This property is in need of improvement to maximize it's potential. Located at the corner of Pocasset and Union Avenues, this location provides great highway access. Provides an ideal opportunity for someone looking for live/work with additional rental income.


Finance Data Year 2019
Real Estate Taxes - Annual($) $9,501 (Annual)
Tax Value Land $54,800
Tax Value Improvements $204,100
Assessed Value - Total($) $258,900 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence
Tax ID/APN: PR 109-0083
Zoning: C2
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Union Avenue
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Fair
Year Built: 1926
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding, Vinyl Siding, Wood Frame
Parking Type: Surface
Heat Type: Oil
Heat Source: Baseboard
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,472 222,011 403,899
Median Age: 30.07 33.44 36.25
Households: 10,682 80,783 154,443


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