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275 Pocasset Avenue Providence

$479,000
0 2,563 sq ft

The Property

Located in Silver Lake, a well-established neighborhood on the western edge of Providence, RI, it is home to numerous local favorites. The 5-unit retail rental property is situated on a corner lot with a local park right across the street. Fully rented, this 2500+ sq ft. investment property yields a solid 7.09% cap rate.

With a population density of 15K+ per square mile, retailers have plenty of reason to establish and operate their businesses.

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Listing Details

MLS Number

1351333

Lot Size:

0.07 acres

Features

  • Type: Retail
  • Year Built: 1930

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today62-88.9% decrease in inventory
    New on Market *19-9.5% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$194.27$24 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,032,500$318,833 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.33%1.8% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$165 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5093 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 Keller Williams Leading Edge

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