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40 Bassett st 0.79 Acres of Commercial Land Offered at $4,000,000 in Providence, RI 02903
Executive Summary
Churchill & Banks is pleased to present commercial land for redevelopment in Downtown Providence. Land is located within the federal Opportunity Zone with many tax incentives available! The site is located in the Jewelry District with easy Interstates' 95 and 195 access. The parcel is well located next to the Coro Center which houses Lifespan and Imperial Place, a mixed-use property with a variety of long-term tenants. Located directly next to the I-195 Redevelopment District, the area will require parking and other services to compliment future commercial and mixed-use developments. Property is currently zoned for a 10 story parking garage, medical, office, or residential uses. Owner is willing to work out a long-term ground lease or outright sale. For any additional questions, please contact me.
Property Facts
| Price | $4,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.36 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | D-1-20 - Commercial Land | ||
| Price | $4,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.36 AC |
| Opportunity Zone |
Yes |
| Zoning | D-1-20 - Commercial Land |
1 Lot Available
Lot
| Price | $4,000,000 | Lot Size | 0.79 AC |
| Price Per AC | $5,063,291.14 |
| Price | $4,000,000 |
| Price Per AC | $5,063,291.14 |
| Lot Size | 0.79 AC |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | PROV-210070-000000-000000 | Improvements Assessment | $15,000 |
| Land Assessment | $1,473,700 | Total Assessment | $1,488,700 |
Property Taxes
Parcel Number
PROV-210070-000000-000000
Land Assessment
$1,473,700
Improvements Assessment
$15,000
Total Assessment
$1,488,700
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40 Bassett st