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669 Elmwood Ave 88,926 SF 100% Leased Industrial Building Providence, RI 02907 $3,950,000 ($44.42/SF) 9% Cap Rate
EXECUTIVE SUMMARY
669 Elmwood Avenue, 68,561 square foot parcel improved with a circa 1900, two and three level masonry and timber mill. Currently divided into 14 residential lofts, 43,850 SF / 3 industrial/warehouse spaces 11,400 SF and 12 office/studios 8,330 SF currently netting $323,900. Lofts are over-sized can easily be subdivided.
643 Elmwood Avenue, 19,526 square foot lot zoned C-2, development potential for 30 residential units.
643 Elmwood Avenue, 19,526 square foot lot zoned C-2, development potential for 30 residential units.
PROPERTY FACTS
| Price | $3,950,000 | Rentable Building Area | 88,926 SF |
| Price Per SF | $44.42 | No. Stories | 3 |
| Sale Type | Investment or Owner User | Year Built | 1900 |
| Cap Rate | 9% | Parking Ratio | 0.32/1,000 SF |
| Property Type | Industrial | No. Dock-High Doors/Loading | 5 |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.02 AC | ||
| Zoning | M1 - Industrial Zoned | ||
| Price | $3,950,000 |
| Price Per SF | $44.42 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.02 AC |
| Rentable Building Area | 88,926 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.32/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | M1 - Industrial Zoned |
AMENITIES
- Bus Line
- Fenced Lot
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | PROV-520370-000000-000000 | Improvements Assessment | $1,189,500 |
| Land Assessment | $735,100 | Total Assessment | $1,924,600 |
PROPERTY TAXES
Parcel Number
PROV-520370-000000-000000
Land Assessment
$735,100
Improvements Assessment
$1,189,500
Total Assessment
$1,924,600
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669 Elmwood Ave
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