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520 Elmwood Ave
Providence, RI 02907
Santander Bank -3% Annual Increases · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Banking
- Bus Line
- Signage
- Signalized Intersection
ABOUT 520 ELMWOOD AVE , PROVIDENCE, RI 02907
Marcus & Millichap is pleased to present the exclusive listing for a Santander Bank located at 520 Elmwood Avenue in Providence, Rhode Island. The building consists of 3,358 square feet on the ground level with an additional 3,042 square foot basement. The property sits on over an acre of land and features ample parking as well as two modes of ingress/egress.Santander Bank recently exercised their final 6 year renewal option with an added 3% annual rental escalation. This site has been a bank branch for over 26 years due to the extremely dense population in the immediate area. There are over 33,000 people within a mile of the location and very limited bank competition. This Santander Bank is located at 520 Elmwood Avenue in Providence, Rhode Island. Elmwood Avenue, or US Route 1 runs North/South throughout the entire state of Rhode Island and directly through the Providence Metropolitan Area. The Santander Bank sits right above the connection of Rhode Island Route 2 and U.S. Route 1. Rhode Island Route 2 is a state highway that runs nearly 40 miles from Charlestown ending in front of the Santander Bank in Providence.
PROPERTY TAXES
| Parcel Number | PROV-520359-000000-000000 | Improvements Assessment | $494,400 |
| Land Assessment | $483,700 | Total Assessment | $978,100 |
PROPERTY TAXES
