640-648 Elmwood Ave - Freestanding FOR SALE


Providence, RI 02907- Elmwood
$645,000 USD
401-255-5530
640-648 Elmwood Ave, Providence, RI for Sale
$645,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

640-648 Elmwood Ave
Providence, RI 02907
Elmwood


OVERVIEW

Excellent investment opportunity located in the heart of historic Elmwood on a well traveled commercial corridor with outstanding visibility and exposure. This meticulously maintained 3,500 square foot four unit commercial property is fully occupied with established commercial business storefronts, offering strong and stable rental income. A rare opportunity to own a turnkey asset in a high traffic location, the property has been extensively renovated and rebuilt and was owner occupied for more than four decades, reflecting exceptional pride of ownership throughout. The property features numerous upgrades, and quality finishes, making it equally attractive for investors or future owner users. With potential for future mixed-use 2nd and 3rd floor residential development opportunities, this versatile commercial building combines long term stability, functionality, and upside in one of the area’s most sought after commercial settings.

FOR SALE DETAILS

PRICE

$645,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,969 SF

ZONING

C2

APN/PARCEL ID

PROV-520108-000000-000000

ASK ABOUT THIS PROPERTY

Doug JeffreyBroadway Real Estate GroupMore Info
401-255-5530

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Doug JeffreyBroadway Real Estate GroupMore Info
401-255-5530

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