640 Elmwood Avenue Providence, RI $ 645,000
640 Elmwood Avenue
$ 645,000
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640 Elmwood Avenue

Providence, RI, 02907
$ 645,000
Bedrooms-- Baths-- Sq 3,274

Monthly Estimate*

$ 3,971

640 Elmwood Avenue, Providence, RI 02907 - Image 1
640 Elmwood Avenue, Providence, RI 02907 - Image 2
640 Elmwood Avenue, Providence, RI 02907 - Image 3

Commercial Property for sale in Providence, RI

for $645,000. This 3,274 square foot building was built in 1928.

Excellent investment opportunity located in the heart of historic Elmwood on a well traveled commercial corridor with outstanding visibility and exposure. This meticulously maintained 3,500 square foot four unit commercial property is fully occupied with established commercial business storefronts, offering strong and stable rental income. A rare opportunity to own a turnkey asset in a high traffic location, the property has been extensively renovated and rebuilt and was owner occupied for more than four decades, reflecting exceptional pride of ownership throughout. The property features numerous upgrades, and quality finishes, making it equally attractive for investors or future owner users. With potential for future mixed-use 2nd and 3rd floor residential development opportunities, this versatile commercial building combines long term stability, functionality, and upside in one of the area's most sought after commercial settings.

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Commercial Active

Price

$ 645,000

Property Type

Commercial

Taxes

$ 16,948

Style

Year Built

1928

Town/City

Providence

County/Region

Providence

MLS | Web ID

1412754

Features
General
Sewer Connected
Heating Forced Air
Cooling Central Air 1 Unit
Utilities Natural Gas Connected Sewer Connected
Possession Negotiable
Zoning C2
Security Features Security System Fire Alarm
Construction Materials Brick
Year Built 1928
Electric 3 Phase 100 Amp Service
Tenant Pays Air Conditioning Electricity Gas
Stories Count 1
Levels One
Property Subtype Commercial
Tax Year 2025
Business Type Accounting Administrative and Support Barber/Beauty Professional/Office Retail
Community Features Highway Access Near Schools Public Transportation Recreation Area Restaurant High Traffic Location
County Providence
New Construction false
Property Type Commercial Sale
Status Active
City Providence
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 6534
Number of Units Leased 4
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 16948
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 580400
Tax Lot 108
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Interior
Basement Partial
Furnished Y/N Unfurnished
Total Stories 1
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Connected
Total Parking 6
Inclusions U1 Barber stations U4 shelving
Lot Size Area 6534
Foundation Details Combination
Number of Buildings 1
Building Area Total 3274
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* Excluded Features
List By
Broadway Real Estate Group

Broker

michelle@broadwayreg.com

Email

Affordability Calculator

$5,384
Per Month
74%
26%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$1,412
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/15/2026$645,000 Listed Price

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640 Elmwood Avenue, Providence, RI, 02907 is a Commercial Property for sale at $645,000 with 3,274 sqft. 640 Elmwood Avenue was built in 1928. The property's zip code is 02907 which is in Providence, RI