50 Glendale Ave - Storefront FOR SALE


Providence, RI 02906- Hope
$2,150,000 USD
425-894-6344
50 Glendale Ave, Providence, RI for Sale
$2,150,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

50 Glendale Ave
Providence, RI 02906
Hope


HIGHLIGHTS

  • Current annual rental income: $159,384
  • Annual Expenses in 2024: $76,372

OVERVIEW

This amazing income opportunity is all about LOCATION. The two available buildings on one lot offer two commercial units on an attractive corner location in one of the East Side’s most popular areas, Hope Village. Great tenants in place, one occupying as a Tavern and the other as a well known culinary goods retail store. Great storage and systems in the fully utilized basements. Also find 5 renovated residential 1 bath/1 bed units at 50 Glendale as a part of the package. A host of restaurants, bakeries, coffee shops, and boutiques dot the Hope Street location, providing the perfect venue for your next commercial venture. Providence Ballet, Seven Stars Bakery, and nearby Blackstone Boulevard ensure a constant feed of foot traffic. College Hill, Fox Point, Wayland Square, and bordering Pawtucket provide all kinds of residents likely to visit.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$1,344 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

756-758 Hope plus 50 Glendale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,918 SF

ZONING

C2

APN/PARCEL ID

PROV-730251-000000-000000

ASK ABOUT THIS PROPERTY

Eddie RaydenResidential Properties LtdMore Info
425-894-6344

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Eddie RaydenResidential Properties LtdMore Info
425-894-6344

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