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Investment Highlights
- ±9,600 SF two-story commercial building
- Retail storefront opportunity w/ 2nd floor office suites
- Detached 3-car carriage building with 18’ ceilings
- ±0.79-acre (34,000+ SF) parcel with potential to sub-divide
- Ground-level garage and storage space
Executive Summary
Exceptional multi-tenant commercial investment opportunity in East Providence. Situated on a ±0.79-acre corner parcel with frontage and access from three streets, the property is improved with a ±9,600 SF two-story retail and office building. The first floor features retail storefronts, while the second floor offers flexible office space. Additional features include a ground level garage, a detached three-bay carriage building with 18-foot ceilings, and a separate two-car garage. Zoned C-3 Commercial with a portion of the property zoned residential, the site offers flexibility for retail, office, mixed-use, residential conversion, or owner-occupant use. The oversized parcel provides ample on-site parking and future redevelopment potential.
585 Warren Avenue presents a highly visible commercial opportunity in East Providence, Rhode Island, just minutes from Interstate 195 and Downtown Providence. The property's location provides direct access to key population centers throughout Rhode Island and Southeastern Massachusetts, supporting a broad customer and workforce base. The Perry Building at 585 Warren Avenue benefits from strong daily traffic counts and exposure within a well-established retail and service-oriented trade area. Nearby residential neighborhoods, commercial businesses, and ongoing redevelopment activity contribute to a dynamic and growing market environment. The corner location, multiple points of ingress and egress, and prominent frontage create strong functionality for a variety of retail, office, service, and mixed-use applications. Its combination of accessibility, visibility, and market positioning makes this property a compelling opportunity for investors, developers, and owner-users alike.
585 Warren Avenue presents a highly visible commercial opportunity in East Providence, Rhode Island, just minutes from Interstate 195 and Downtown Providence. The property's location provides direct access to key population centers throughout Rhode Island and Southeastern Massachusetts, supporting a broad customer and workforce base. The Perry Building at 585 Warren Avenue benefits from strong daily traffic counts and exposure within a well-established retail and service-oriented trade area. Nearby residential neighborhoods, commercial businesses, and ongoing redevelopment activity contribute to a dynamic and growing market environment. The corner location, multiple points of ingress and egress, and prominent frontage create strong functionality for a variety of retail, office, service, and mixed-use applications. Its combination of accessibility, visibility, and market positioning makes this property a compelling opportunity for investors, developers, and owner-users alike.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,600 SF
Building Class
C
Year Built
1940
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Slab To Slab
12’
Building FAR
0.28
Lot Size
0.79 AC
Zoning
C3 - Commercial
C-3
Propert has C-3 commerical zoning, along with residential zoning for a portion of the land.
Parking
40 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
95’ on Warren Ave
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Storage Space
- Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | EPRO-000307-000006-000002 | Improvements Assessment | $485,700 |
| Land Assessment | $291,500 | Total Assessment | $777,200 |
Property Taxes
Parcel Number
EPRO-000307-000006-000002
Land Assessment
$291,500
Improvements Assessment
$485,700
Total Assessment
$777,200
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585 Warren Ave
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