585 Warren Ave - Storefront Retail/Office FOR SALE


East Providence, RI 02914- Outer East Bay
$1,750,000 USD
401-486-2911
585 Warren Ave, East Providence, RI for Sale
$1,750,000 USD
Storefront Retail/Office - FOR SALE
1/47
null | Request Cap Rate

585 Warren Ave
East Providence, RI 02914
Outer East Bay


HIGHLIGHTS

  • Close Proximity to I-195 & Downtown Providence.
  • Ideal conversion to residential condominiums
  • Additional residential lots could be obtained if buyer needs smaller footprint for their use
  • Well-known, stand-alone location
  • Endless possibilities for creative developer, or owner occupant
  • Potential site for self-storage facility

OVERVIEW

Exceptional redevelopment opportunity in East Providence. This highly visible, multi-frontage site spans 34,584 sq. ft. and features a two-story 9,600 sq. ft. building with access from three street frontages plus additional rear access. The first floor contains four established retail units; the second floor offers flexible office space, and the ground level functions as a garage. Also included: a three-car carriage garage with 18-ft. ceilings and a separate two-car garage. This property is an ideal candidate for condominium development, offering a lot of size, visibility, and accessibility that today’s residential buyers and developer's demand. Additional redevelopment possibilities include multi-unit residential conversion, medical or professional office use, studio or specialty commercial, and single-family subdivision. Abundant on-site parking, minutes from I-195, Downtown Providence, and major routes to Boston. Surrounded by established local businesses and national retailers with strong area demographics. Conceptual drawings for multi-unit redevelopment and a recent property survey available upon request. Propert has C-3 commerical zoning, along with residential zoning for a portion of the land.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,584 SF

ZONING

C3

APN/PARCEL ID

EPRO-000307-000006-000002

ASK ABOUT THIS PROPERTY

Michael SaccoccioCOLDWELL BANKER REALTYMore Info
401-486-2911

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Michael SaccoccioCOLDWELL BANKER REALTYMore Info
401-486-2911

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