1158 1172 N Main and 81 Nashua Street, Providence, RI 02906
sale
$2,675,000
|
Other
Courtesy Of lenox Realty Group
GENERATIONAL ASSET FOR SALE! A truly rare 4-lot portfolio on Providence's bustling North Main Street corridor. Featuring 2 busy commercial storefronts, two separate 3-family residential homes, 2 additional upper-level 2BR apartments, two garage buildings, and a buildable rear residential parcel-this property offers unparalleled versatility. This property presents many options for a new owner. Option 1 - Operate the existing 8 residential units, 2 commercial spaces, and garage buildings as a stabilized, inflation-hedged rental engine with significant room to push rents via minor cosmetic upgrades. Option 2 - Capitalize on the existing structures for steady holding cash flow while permitting and constructing additional residential density on top of current footprints or on the separate rear lot. Option 3- Zoned C-2 (Community Commercial) and located within Providence's Transit-Oriented Development (TOD) Overlay, the site allows for high-density multi-family housing, medical, office, retail, or mixed-use development by-right. The options are yours but this is a can't miss opportunity with direct access to US-1, I-95, Brown University, and Miriam Hospital ensuring perpetual tenant demand across both commercial and residential components.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Building Units: 2
- Cooling System: Central Air
- Exterior Type: Masonry
- Exterior Type: Brick
- Floors: 3
- Heating System: Baseboard
- Heating System: Steam
- Heating System: Central
- MLSID: 1421293
- Parking Spaces: 25
- Rooms: Basement
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