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1039 Douglas Ave 5,450 SF 100% Leased Retail Building Providence, RI 02904 $1,195,000 ($219.27/SF)
EXECUTIVE SUMMARY
Exceptional long-term investment on a busy intersection with extraordinary visibility from all sides. Nearly a half acre of land with 3 Residential units plus two independent fully-leased restaurants with attached parking lot. Newer roof and updated mechanicals. Property is comprised of two lots, conveying together, for a total of 19,828 square ft. Lot is zoned C-2 with generous permitted uses including potential drive-through capacity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,450 SF
Building Class
C
Year Built
1900
Price
$1,195,000
Price Per SF
$219.27
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.27
Lot Size
0.46 AC
Zoning
C-2 - Commercial district predominantly residential in character
Parking
20 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | PROV-001020-000001-000000 | Improvements Assessment | $430,600 |
| Land Assessment | $215,300 | Total Assessment | $645,900 |
PROPERTY TAXES
Parcel Number
PROV-001020-000001-000000
Land Assessment
$215,300
Improvements Assessment
$430,600
Total Assessment
$645,900
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1039 Douglas Ave
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