559 Branch Avenue Providence

$540,000
1,188 sq ft

The Property

Exceptional mixed-use opportunity offering flexibility for investors, owner-occupants, and business owners alike. The first floor features a versatile commercial space with a history of successful use as both a church and retail storefront. Large front windows provide excellent visibility, natural light, and endless possibilities for a variety of business concepts. The commercial level also includes additional storage space, a dedicated rear room, and a bathroom.

Above, the property offers two updated residential apartments. The second-floor unit features three bedrooms, an updated kitchen, spacious living and dining area, and a generously sized bathroom. The third-floor unit offers two bedrooms, an updated kitchen, and a comfortable living room. The property is equipped with a hardwired fire alarm and smoke detection system that is up to code and recently inspected, providing peace of mind for owners and tenants. Outside, enjoy a sizable backyard with a covered pergola, creating additional space for outdoor gatherings, recreation, or potential tenant amenities. Conveniently located with easy access to major highways, shopping, restaurants, and downtown Providence, this property presents a rare opportunity to own a versatile income-producing asset with multiple potential uses.

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Listing Details

MLS Number

1417749

Lot Size:

0.07 acres

Features

  • Free Standing
  • Urban
  • Year Built: 1920

Market Trends for Commercial/Business,Commercial Sale
in Providence

  • Overview
    Homes for Sale Today48182.4% increase in inventory
    New on Market *8-11.1% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$311.75$53 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$625,000$98,333 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.90%6.2% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$190.90$111 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5471 decrease 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 Churchill & Banks Co., LLC
Phone: 401-273-8010

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