585 Warren Avenue East Providence

$1,750,000
9,600 sq ft

The Property

Exceptional redevelopment opportunity in East Providence. This highly visible, multi-frontage site spans 34,584 sq. ft. and features a two-story 9,600 sq.

ft. building with access from three street frontages plus additional rear access. The first floor contains four established retail units; the second floor offers flexible office space, and the ground level functions as a garage. Also included: a three-car carriage garage with 18-ft. ceilings and a separate two-car garage. This property is an ideal candidate for condominium development, offering a lot of size, visibility, and accessibility that today’s residential buyers and developer’s demand. Additional redevelopment possibilities include multi-unit residential conversion, medical or professional office use, studio or specialty commercial, and single-family subdivision. Abundant on-site parking, minutes from I-195, Downtown Providence, and major routes to Boston. Surrounded by established local businesses and national retailers with strong area demographics. Conceptual drawings for multi-unit redevelopment and a recent property survey available upon request.

Property has C-3 commerical zoning, along with residential zoning for a portion of the land.

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Listing Details

MLS Number

1401565

Lot Size:

0.79 acres

Features

  • Free Standing
  • Suburban
  • Year Built: 1965

Market Trends for Commercial Properties
in East Providence

  • Overview
    Homes for Sale Today16-90.8% decrease in inventory
    New on Market *3200% increase in new listings
    Avg. Asking Price/Sq.Ft. *$1.71$2 increase in List Price/Sq.Ft.
    Avg. Sale Price *$503,125$155,625 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *91.35%12.3% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$202.21$28 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *83142 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?

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

Listed by Coldwell Banker Realty

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