191 Nashua St - Freestanding FOR SALE


Providence, RI 02904- Hope
$2,230,000 USD
191 Nashua St, Providence, RI for Sale
$2,230,000 USD
Freestanding - FOR SALE
1/4
null | 7.05% Cap Rate

191 Nashua St
Providence, RI 02904
Hope


HIGHLIGHTS

  • Strong accessibility near I-95 and major thoroughfares
  • Convenient to public transportation and bus lines
  • Close proximity to North Main St corridor amenities [loopnet.com]

OVERVIEW

Fully stabilized, recently renovated two-building investment opportunity offering a 7.05% cap rate. The commercial component is secured by a national tenant on a 10-year NNN lease, providing strong, reliable income and minimal landlord responsibilities. The multifamily component offers three residential units (1-3 bedroom, 1-2 bedroom and 1-1 bedroom unit all with one full bathroom) and all three units have current lead-safe certificates. The site includes 10 off street parking spaces in a shared lot and is located off of N. Main Street near the East Side of Providence and Miriam Hospital.

FOR SALE DETAILS

PRICE

$2,230,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,771 SF

ZONING

Comm. C-2

APN/PARCEL ID

PROV-750155-000000-000000

ASK ABOUT THIS PROPERTY

Christopher RowleyResidential Properties Ltd.More Info

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Christopher RowleyResidential Properties Ltd.More Info

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