Prime Federal HIll Retail/Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30355784
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 3,634 SF
Gross Building Area: 4,624 SF
Gross Land Area: 0.50 Acres
Sale Price: $429,900
Unit Price: $118.30 PSF
Property Use Type: Investment, Business
Building Name: 423 Atwells Ave - Federal Hill/ Providence
Usable Size (USF): 3,634 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 12/10/2018

Overview / Comments

Prime location on Atwells Ave. in Providence's "Little Italy". Property has excellent visibility. Presently occupied by Salon Bianco - a landmark hair salon/spa. Said retail space on first floor is 1,976 sq. ft. with additional patio space.
There are two apartments above currently occupied with month to month leases.

Attachments & Media

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Providence
Tax ID/APN: Plat 28/ Lot 591
Retail Clientele: General, Business
Property Located Between: Knight St and Vinton St
Property Visibility: Excellent
Highway Access: Route I95 and Route 10 and Route 6 Connector
Airports: TF Green
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,976 SF
Property Condition: Excellent
Year Built: 1930
Year Renovated: 2010
Roof Type: Hip
Construction/Siding: Wood Siding
Parking Type: Other
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Zoning Description: Commercial/Residential
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 46,577 255,884 461,460
Median Age: 30.35 33.19 36.31
Households: 18,027 95,217 179,484

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