DePasquale Square

Retail-Commercial for Sale
Also listed as Hospitality, Multi-Family
Catylist Listing ID: 30362403
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 20,931 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $3,999,000
Unit Price: $191.06 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2019

Overview / Comments

DePasquale Square is comprised of three retail properties and a 5,227± square foot parking lot on America Street. The properties were constructed in 1900 and renovated over the years. The first building is a 3,507± square foot, three-story, mixed-use building that has a retail use on the first floor and apartments on the upper levels. The second building is a 10,589± square foot, three-story residential building that was converted into micro lofts in 2017. The third building is a 2,224± square foot retail building with a courtyard and 680± square foot wooden deck. DePasquale Square is located on Federal Hill in Providence. The parking lot is located three blocks away on the corner of America and Africa Street.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Zoning: COMMERCIAL - C2
Retail Clientele: General, Tourist
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 3
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 44,012 262,224 462,914
Median Age: 30.55 33.25 36.33
Households: 17,173 97,658 180,007

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