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7 Dike Street Providence

$525,000
8,894 sq ft

The Property

Industrial structure redevelopment opportunity! Approved plans for 11 residential units (building 3 levels 16,000sqft) within existing structure. 8 two-bedrooms and 3 one-bedrooms. Plans can be amended to add additional units and qualifies for state tax credits. Phase I and Phase II environmental completed.

Existing passive income from billboards. Possibility for parking agreements with neighboring lots. Area currently undergoing federal redevelopment including new pedestrian bridge over train tracks being constructed directly across the street. Various private investment dollars being spent to revitalize the area. See link for building plans.

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Listing Details

MLS Number

1380254

Lot Size:

0.20 acres

Features

  • Rural
  • Year Built: 1940

Market Trends for Commercial Sale
in Providence

  • Overview
    Homes for Sale Today39-7.1% decrease in inventory
    New on Market *1344.4% increase in new listings
    Avg. Asking Price/Sq.Ft. *$656.11$351 increase in List Price/Sq.Ft.
    Avg. Sale Price *$605,000$605,000 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *81.23%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$335.48$335 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *9393 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 The Seyboth Team

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