USARIProvidenceNorth Main1158 1172 N. Main and 81 Nashua Street

1158 1172 N. Main And 81 Nashua Street, Providence, RI

House

For Sale

Listed price in listed location currency (USD).

$2,675,000

0025

MLS® 1421293

Overview

Key Facts

Type

Levels Commercial Sale

Size 14000 sqft

Garage

Taxes $36,440

Days Active 3

Lot Size 23589 SF

Approx. Age 1920

Avg. Price Per Sqft $191

MLS® Number 1421293

Property Address: 1158 1172 N. Main And 81 Nashua Street, Providence, RI, 02906

Average square foot calculated using Size range provided by listing agent.

Description

GENERATIONAL ASSET FOR SALE! A truly rare 4-lot portfolio on Providence's bustling North Main Street corridor. Featuring 2 busy commercial storefronts, two separate 3-family residential homes, 2 additional upper-level 2BR apartments, two garage buildings, and a buildable rear residential parcel this property offers unparalleled versatility. This property presents many options for a new owner. Option 1 - Operate the existing 8 residential units, 2 commercial spaces, and garage buildings as a stabilized, inflation-hedged rental engine with significant room to push rents via minor cosmetic upgrades. Option 2 - Capitalize on the existing structures for steady holding cash flow while permitting and constructing additional residential density on top of current footprints or on the separate rear lot. Option 3- Zoned C-2 (Community Commercial) and located within Providence's Transit-Oriented Development (TOD) Overlay, the site allows for high-density multi-family housing, medical, office, retail, or mixed-use development by-right. The options are yours but this is a can't miss opportunity with direct access to US-1, I-95, Brown University, and Miriam Hospital ensuring perpetual tenant demand across both commercial and residential components.

MLS® Number1421293

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1920

BasementFull

Driveway

Garage Spaces

HeatBaseboard, Steam

A/CCentral Air

Extras

Map

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