For Sale
$1,999,900
29 Elmwood Ave Elmwood Ave Providence, RI 02907
High-yield retail investment, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- 29 Elmwood Avenue, Providence, RI 02907: Freehold commercial property on a 5,781 sq ft lot, built in 1960.
- 9,500 sq ft building currently leased with four years remaining, plus two five-year options with annual rent increases.
- Strong tenant in place, offering significant income stability and a cap rate exceeding 8%.
- Excellent visibility and accessibility in a thriving Providence location, zoned for commercial use.
- Land and retail property offering a lucrative investment opportunity.
Property Details for 29 Elmwood Ave Elmwood Ave
- Property type
- Retail properties, Land
- Year Built
- 1960
- Buildings
- 1
- Units
- 1
Location Insight
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Latitude
- 41.8119422
- Longitude
- -71.4229325
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield retail investment, strong tenant.
- Where is the retail property located?
- The property is located at 29 Elmwood Ave Elmwood Ave Providence, RI.
- What is the asking price?
- The asking price for this property is $1,999,900.
- What are key features of this property?
- This property features: 29 Elmwood Avenue, Providence, RI 02907: Freehold commercial property on a 5,781 sq ft lot, built in 1960.; 9,500 sq ft building currently leased with four years remaining, plus two five-year options with annual rent increases.; Strong tenant in place, offering significant income stability and a cap rate exceeding 8%.
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