Apartment Building
For Sale
Contact for pricing
Pending
7 Dike, Providence, RI 02909
Existing structure carries approved plans for a residential conversion with a defined unit mix.
Property Size16,000 SF
Days on Market854
Property Features for 7 Dike
General Information
Standard status
Pending
Size
16,000 SF
Property subtype
Special Purpose
Additional Details
Multifamily Units
11
Building Details
Stories
3
Listing Agency:
Century 21 The Seyboth Team
(508) 726-3492
Listed By:
Kyle Seyboth · License #RI, MA
Source:
Crexi
Added: Apr 30, 2024
Changed: Aug 29
Last Checked: Aug 29 at 6:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 The Seyboth Team
Investment Insights
Based on property information with market context.
The property is an existing industrial structure planned for conversion to an apartment building. Approved plans call for 11 residential units across three levels and approximately 16,000 square feet, comprising eight two-bedroom residences and three one-bedroom residences. The plans may be amended to accommodate additional units, and the project qualifies for state tax credits. Phase I and Phase II environmental studies have been completed.
The building also generates passive income from billboards. Parking agreements with neighboring lots may be possible. A new pedestrian bridge over the train tracks is being constructed directly across the street as part of federal redevelopment activity in the surrounding area, which is also receiving private investment for revitalization.
The building also generates passive income from billboards. Parking agreements with neighboring lots may be possible. A new pedestrian bridge over the train tracks is being constructed directly across the street as part of federal redevelopment activity in the surrounding area, which is also receiving private investment for revitalization.
Key Highlights
- Approved plans for 11 residential units in an existing structure
- Three‑level, 16,000‑square‑foot building conversion plan
- Unit mix includes 8 two‑bedroom and 3 one‑bedroom residences
Property Analytics
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Market
Vacancy Rate% for Industrial in Providence, RI
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Frequently Asked Questions
What type of property is this?
Apartment building - Existing structure carries approved plans for a residential conversion with a defined unit mix.
Where is this apartment building located?
The property is located at 7 Dike Providence, RI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approved plans for 11 residential units in an existing structure; Three‑level, 16,000‑square‑foot building conversion plan; Unit mix includes 8 two‑bedroom and 3 one‑bedroom residences
