312 Veazie Street Providence

$879,900
8,276 sq ft

The Property

Is your destiny to be a property manager? Start with this incredible opportunity at 312 Veazie St, a mixed-use property offering both stability and potential in a prime location near Providence College. This property is tastefully renovated and features all new mechanicals, A/C, and updated electrical throughout, giving you peace of mind and a strong foundation for future growth. The first unit was formerly home to the well-known McCormick Pub and is now ready for a fresh start—whether you choose to bring it back to life as a local pub or reimagine the space as additional residential units.

The property also includes two fully renovated residential units, currently generating $7,850 per month in rental income.

The first unit offers 3 bedrooms, 1 full bath, an eat-in kitchen/dining area, and a living room. The second unit is a large townhouse-style layout featuring 6 bedrooms, a living room, dining room, eat-in kitchen, and full bath—ideal for student renters or large families.

In addition to the income-producing units, there is a 3-car garage that provides even more rental potential or flexible use options, along with plenty of parking. Located on a bus line with convenient access to downtown Providence, the mall, and the T station with service to Boston, this property is ideally situated for both tenants and future growth.

312 Veazie St is a rare opportunity to own a turn-key property that blends commercial and residential income streams.

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Listing Details

MLS Number

1389688

Lot Size:

0.19 acres

Features

  • Basement: Full
  • Heating: Forced Air
  • Heating Fuel: Forced Air
  • Suburban
  • Year Built: 1920

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today72-89.7% decrease in inventory
    New on Market *8-66.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$43.55$46,128 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$981,667$248,167 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.28%-3.7% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$202.16$45 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *576460 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 Century 21 Shoreline

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