Address
29 Elmwood Avenue, Providence, RI
Price
$ 2,190,000
Property Attributes
- MLS#1353597
- TypeCommercial
- CountyPROVIDENCE
- CityProvidence
- Zip02907
- StyleCommercial
- Year Built1960
- Taxes$ 16156
- Price$ 2,190,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5781
- Lot Size5,663 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
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
| Price History | |
|---|---|
| 3/3/2024 | Listed $2,190,000 |
General Features
| 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 |
| OwnerPays | None |
| Business Type | Retail |
| County | Providence |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Garage Y/N | No |
| Status | Active |
| City | Providence |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 1 |
| Lot Size Square Feet | 5781.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 1 |
| Street Name | Elmwood |
| Property Attached Y/N | Yes |
| Land Lease Y/N | No |
| Tax Annual Amount | 16156.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 10 |
| Lease Type | EscalationClause |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Tax Assessed Value | 460300 |
| Tax Lot | 569 |
| Cap Rate | 8.0 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | None |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 5781.0 |
| Street Suffix | Avenue |
| Electric On Property Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 0.0 |
| Lot Size Area | 5781.0 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 5781.0 |
| Lot Size Acres | 0.13 |
| Road Surface Type | Asphalt |
| Lot Size Units | SquareFeet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02907
Price
Taxes
Visits
Year Built
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