Mixed Use with Sub-Dividable Buildable Lot in The Heart of Elmhurst

Retail-Commercial for Sale
Also listed as Hospitality
Catylist Listing ID: 30699473
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 4,600 SF
Gross Building Area: See Agent
Sale Price: $895,000
Unit Price: $194.57 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/14/2021

Overview / Comments

Mixed Use in the heart of Elmhurst! Located on an extremely busy 4 way intersection, this 3 level property is an investors dream! Close to Providence College with great rental potential as well as zoning for many different types of business on the first floor. To add to this prime location is the potential of a sub dividable 11,000 sq ft buildable lot. Currently used as a 16 spot parking lot. This property is permitted for C-1 zoning so the business possibilities are endless. Bar, Restaurant, Day Care, Bank, Multi-Family, Medical Offices are just a few of the options here. Commercial business in the past have been Dunkin Donuts, successful hookah bar, & office. Hard wired C/O & Smokes with updated electrical. Residential leases in place bringing in $3.000 a month. Currently below market rent. Pictures for residential units coming soon. Walk through videos can be sent to interested buyers. Buyer to perform due diligence on buildable lot. Act now, because this is a rare find in Providence.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 118-0412
Tenancy: Multiple Tenants
Number of Stories: 3
Typical SF / Floor: 1,500 SF
Property Condition: Good
Year Built: 1910
Total Parking Spaces: 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,725 244,670 427,603
Median Age: 32.94 33.88 35.73
Households: 11,413 93,053 164,960

Contact

Photograph of Listing Agent

Phillip Gendreau

Strive Realty
Not a member of ECCPN
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