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    289 Atwells Ave Providence, RI 02903

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    For Sale
    $995,000

    Three-story mixed-use building with retail and apartments for sale.

    Property size:
    7,433 SF
    Lot size:
    0.03 Acres

    Property Features for 289 Atwells Ave

    General Information

    Size
    7,433 SF
    Lot size
    0.03 Acres

    Source: Rodman Real Estate, Inc. Agent Sheldon E Rodman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building on Atwells Avenue

    The subject property features a 7,433 square foot, three-story building situated on a 3,681 square foot lot. The building includes two commercial storefronts on the ground floor, along with one three-bedroom, one-bath apartment and three two-bedroom, one-bath apartments on the upper floors. One of the retail spaces is currently occupied by a restaurant that has been a tenant for several years, and three of the apartments are also currently rented. The property has 50 feet of frontage on Atwells Avenue and 73 feet on Messenger Street. Traffic count data from August 2014 indicates an Average Daily Traffic Total (ADDT) of 5,423.
    Insight Report Location Intelligence

    Current Use by Public Records

    Saint Federal Hill Fusion Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4275774
    Latitude
    41.8237995

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use building with retail and apartments for sale.
    Where is this mixed-use property located?
    The property is located at 289 Atwells Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Three-story building with a mix of commercial and residential units.; - Two commercial storefronts on the ground floor.; - **Upper floors contain one 3-bedroom and one 2-bedroom apartments.**
    (401) 273-2270
    Request Owner's contact information
    289 Atwells Ave Providence, RI 02903
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    Providence, RI 02903
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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
    289 Atwells Ave Providence, RI 02903
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