For Sale
$70,000

489 Elmwood Ave Providence, RI 02907

Retail Land, Historic Elmwood

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional opportunity to acquire a 4,804 sq ft commercial lot at 489 Elmwood Avenue in Providence, RI, 02907. Built in 1900, this property features one building and is zoned for retail use. The asking price is $70,000. Included in the sale are existing fixtures such as racks and display units, essential equipment (fax, phone, register, camera system), and inventory at the time of purchase. A designated parking space in a secure gated area is also provided. Optional dumpster access is available for a fee. Supplier information and a side office are included. Currently operating as a clothing store with a diverse inventory (men's, women's, children's apparel and travel merchandise), this versatile property offers numerous business possibilities. A three-year lease is required post-purchase to ensure a smooth transition. This presents a unique chance to own a well-established business in a vibrant, historic neighborhood. The property's central location and existing infrastructure make it an ideal investment for a variety of commercial ventures. This is a rare opportunity to acquire a turnkey business with significant potential for growth and profitability in a desirable Providence location.

Highlights

  • 4,804 sq ft commercial lot in Providence, RI.
  • $70,000 asking price.
  • Zoned for retail use; currently operating as a clothing store.
  • Includes building, fixtures, equipment, and inventory.
  • Secure gated parking space provided.
  • Three-year lease required post-purchase.

Property Details for 489 Elmwood Ave

Property type
Retail properties, Land
Year Built
1900
Buildings
1

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.7988603
Longitude
-71.4266496

FAQs

What type of property is this?
Retail property - Retail Land, Historic Elmwood
Where is the retail property located?
The property is located at 489 Elmwood Ave Providence, RI.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: 4,804 sq ft commercial lot in Providence, RI.; $70,000 asking price.; Zoned for retail use; currently operating as a clothing store.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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489 Elmwood Ave
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