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EXECUTIVE SUMMARY
Buildable land with existing income, located at a highly visible, busy intersection in Providence. Offered for sale is a nearly 20,000 SF comprised of two parcels, including a five-unit mixed-use building with three residential units and two restaurant spaces featuring newer updates including roof and mechanical systems. Both parcels convey together, offering additional development potential and subdivision, subject to approvals. Both parcels are zoned C-2, allowing for a wide range of permitted commercial and mixed-use uses with flexible development standards, including potential drive-through capacity. The site benefits from four curb cuts, providing excellent access, circulation, and exceptional visibility from all sides.
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
$995,000
Price Per SF
$182.57
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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