365 Atwells Avenue Providence

$2,900,000
3,485 sq ft

The Property

Phenomenal opportunity in the heart of Historic Federal Hill, Providence! Package deal – This mixed-use building is being sold in combination with adjacent vacant lots, 172 Spruce & 4 McCoy (Corner lots – Atwells & Spruce), to provide the perfect opportunity for development. All three parcels are zoned C2. 365 Atwells Ave provides a solid, well-maintained, brick building, currently includes 6 residential units, and one long-standing, award-winning Italian Restaurant. Many long-term tenants with excellent rental history are currently priced well below market value.

This building has been well-maintained with several recent upgrades, including brand new roof, new vinyl siding, and exterior carpentry/paint improvements. Gas and electric are all separately metered (tenants pay). Each unit has their own unique features, including one 3rd floor unit that expands into a 4th floor loft space. Each unit provides central AC/heat. Great parking. Highly sought-after location, walking distance to downtown and centrally located to shopping, entertainment, and Historic Federal Hill charm. Easy access to train station, public transportation, and highways. 5-10 minutes to area hospitals (RI Hospital, Hasbro, Women & Infants, Roger Williams, VA Med Center), universities (JWU, PC, RIC, Brown, RISD), and state offices. Quick commute to Boston. Invest in Providence’s booming housing market. Lead certificates are current. Restaurant has net lease, inquire for detailed expense info.

Read more

Contact Associate

Listing Details

MLS Number

1397351

Lot Size:

0.08 acres

Features

  • Basement: Partial
  • Bus
  • Highway Access
  • Hospital
  • Interstate
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Central Air, Central
  • Heating Fuel: Central Air, Central
  • Laundry
  • Corner
  • Sidewalks
  • Downtown
  • Urban
  • Year Built: 1895

See more features

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today73-89.6% decrease in inventory
    New on Market *8-65.2% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$51.77$49,664 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$630,000$293,800 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.88%-2.1% 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 *63351 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 Rentprov Realty

Similar Listings

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!