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    824 Broad St Providence, RI 02907

    Sponsored
    For Sale
    $575,000

    Mixed-Use Building: Great Investment Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This unique investment opportunity presents a mixed-use property located at 824 Broad Street in Providence, Rhode Island. Situated on a 0.1-acre lot, the property offers a blend of commercial and residential space. Currently configured with one apartment, the building presents significant potential for redevelopment and increased revenue generation. The existing apartment provides immediate rental income, while the commercial space offers flexibility for a variety of uses, allowing for customization to suit a diverse range of tenants. The property's location in Providence offers easy access to major transportation routes, local amenities, and a thriving business community. This makes it an attractive proposition for both established businesses and entrepreneurs looking to establish a presence in a dynamic urban setting. The asking price of $575,000 represents a compelling entry point into the Providence commercial real estate market. Serious inquiries are encouraged, and multiple offers are being considered. The property's versatility and prime location make it an ideal investment for those seeking a strong return on investment. Further details regarding the property's square footage and specific zoning regulations are available upon request. Don't miss this chance to acquire a valuable asset in a rapidly growing area.

    Property Features for 824 Broad St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,356 SF

    Building Details

    Year Built
    2014
    Property Profile Location Intelligence

    Current Use by Public Records

    T & T Associates Accountant Salon 420 Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.41805
    Latitude
    41.8015

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    FAQs

    What type of property is this?
    Commercial real estate - Mixed-Use Building: Great Investment Potential
    Where is this commercial real estate located?
    The property is located at 824 Broad St Providence, RI.
    What is the asking price?
    The asking price for this property is $575,000.
    (401) 640-2094
    Request Owner's contact information
    824 Broad St Providence, RI 02907
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    Providence, RI 02907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    824 Broad St Providence, RI 02907
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