640 - -8 Elmwood Avenue, Providence
640 - -8 Elmwood Avenue, Providence
640 - -8 Elmwood Avenue, Providence

640 - -8 Elmwood Avenue Providence

$645,000
3,274 sq ft

Map View Street View

The Property

Excellent investment opportunity located in the heart of historic Elmwood on a well traveled commercial corridor with outstanding visibility and exposure. This meticulously maintained 3,500 square foot four unit commercial property is fully occupied with established commercial business storefronts, offering strong and stable rental income. A rare opportunity to own a turnkey asset in a high traffic location, the property has been extensively renovated and rebuilt and was owner occupied for more than four decades, reflecting exceptional pride of ownership throughout.

The property features numerous upgrades, and quality finishes, making it equally attractive for investors or future owner users.

With potential for future mixed-use 2nd and 3rd floor residential development opportunities, this versatile commercial building combines long term stability, functionality, and upside in one of the area’s most sought after commercial settings.

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Listing Details

MLS Number

1412754

Lot Size:

0.15 acres

Features

  • Basement: Partial
  • Bus
  • Commuter Bus
  • Highway Access
  • Recreational Facilities
  • Restaurants
  • Schools
  • Heating: Forced Air
  • Heating Fuel: Forced Air
  • Free Standing
  • Urban
  • Year Built: 1928

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today72-90.7% decrease in inventory
    New on Market *15-28.6% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$151.69$56 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$345,000$271,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *91.34%-3.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$78.12$109 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *11725 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Broadway Real Estate Group

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