400 Newport AveEast Providence, RI 02916

Property Details for 400 Newport Ave

Year built

1962

Lot size

1.82 AC

Property size (Sq ft)

15,894 SF

Zone code

C4

Property type

Showrooms

APN

EPRO M:402 B:13 L:003 U:10

APU

EPROM402B13L003U10

Description

This exceptional 1.8-acre commercial land parcel presents a remarkable development opportunity in the desirable East Providence, Rhode Island, location. Situated at 400 Newport Ave, zip code 02916, this single-tenant property offers unparalleled potential for a variety of commercial ventures. The expansive lot size provides ample space for new construction, allowing for significant flexibility in design and functionality. Its convenient location within Providence County ensures easy access to major transportation routes, enhancing its appeal to businesses seeking a strategic location. The property is designated as commercial land and is available for sale or lease, making it an attractive option for both developers and businesses seeking to establish a presence in this thriving area. The site's zoning and potential uses should be verified independently with the relevant authorities. This is a rare opportunity to acquire a substantial piece of land in a prime location, ideal for those seeking to capitalize on the growing commercial landscape of East Providence. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is located at 41.8494722 latitude and -71.3538885 longitude. This is a single-tenant property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,862,797

  6.5%

  $3,565,658

  7%

  $3,310,969

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,233,310

  Geo Method

  $5,233,310

• Alternative Use

  Use

  Valuation

  Residential

  $3,007,766

  Hospitality

  $2,755,098

  Educational

  $2,292,209

  Medical

  $2,371,042

  Retail

  $3,565,658

Location Insight

City

Rumford

County

Providence

State

Rhode Island

Latitude

41.85

Longitude

-71.3539

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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