1043-1045 Charles St - Storefront Retail/Residential FOR SALE


Providence, RI 02904- Outer Downcity/East Side
$1,000,000 USD
401-479-6233
1043-1045 Charles St, Providence, RI for Sale
$1,000,000 USD
Storefront Retail/Residential - FOR SALE
1/29
null | 3.8% Cap Rate

1043-1045 Charles St
Providence, RI 02904
Outer Downcity/East Side


OVERVIEW

Well-maintained mixed-use property featuring two street-level retail spaces and five residential apartments in a strong retail corridor. The location offers excellent visibility and consistent foot traffic, ideal for stable commercial tenants. All but one apartment are currently leased, providing reliable income. The rear lot offers flexibility for a potential subdivision and multifamily development or can be retained as additional parking or expansion area. A solid investment opportunity with strong existing cash flow and future upside. 1 Gas Meter. 6 Electrical (Need to connect them to all units and add 2) Potential of a 7+ cap.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

3.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units North Providence!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CV

APN/PARCEL ID

NPRO-000002-000000-000263

ASK ABOUT THIS PROPERTY

Robert FoxNAI AdvisorsMore Info
401-479-6233

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Robert FoxNAI AdvisorsMore Info
401-479-6233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.