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29 Elmwood Avenue Providence, RI $ 2,190,000
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$ 2,190,000 Get more info
29 Elmwood Avenue
$ 2,190,000
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Share Save

29 Elmwood Avenue

Providence, RI, 02907
$ 2,190,000
Baths0.0 Sq 5,781

Monthly Estimate*

$ 15,298

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Studio

Commercial Property for sale in Providence, RI

for $2,190,000. This 5,781 square foot building was built in 1960 on a lot size of 0.13.

This is for 29 Elmwood and 612 Hartford Street in Providence, it is for REAL ESTATE ONLY, Presently both properties are Leased by Same Tenant. Strong Tenants 4 years left on Present Lease and 2 5 year extensions with yearly Increases. This property is being offered with a Cap rate of over 8%. The tenants at this time would have to stay to have that business they bought a year ago, call for all Leases and rents. Check attachments. 29 Elmwood is 9500 sq/ft with basement 612 Hartford is 3395 sq/ft

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Commercial Active

Price

$ 2,190,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,156

Style

Commercial

Lot Size

0.13

Year Built

1960

Town/City

Providence

County/Region

Providence

MLS | Web ID

1353597
Features
General
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities ElectricityAvailable
Construction Materials Masonry
Year Built 1960
Electric Item200AmpService
Tenant Pays AllUtilities
Property SubType Commercial
Tax Year 2023
Business Type Retail
County Providence
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Providence
Buyer Agent Compensation 2%
View Y/N N
Senior Community Y/N N
Total Units 1
Lot Size Square Feet 5781.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 1
Street Name Elmwood
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 16156.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 10
Lease Type EscalationClause
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 460300
Tax Lot 569
Cap Rate 8.0
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Interior
Basement None
Total Stories 0
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5781.0
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Public
Total Parking 0.0
Lot Size Area 5781.0
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 5781.0
Lot Size Acres 0.13
Road Surface Type Asphalt
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 29
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* Excluded Features
List By
Lamacchia Realty, Inc

Broker

ronrusin@yahoo.com

Email

Affordability Calculator

$16,644
Per Month
92%
8%
0%
Monthly Principal & Interest
$15,298
Monthly Property Taxes
$1,346
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/3/2024$2,190,000 Listed Price

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29 Elmwood Avenue, Providence, RI, 02907 is a Commercial Property for sale at $2,190,000 with 5,781 sqft and a lot size of 0.13. 29 Elmwood Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 02907 which is in Providence, RI

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