Versatile Commercial Property For
904 Manton Avenue, Providence, RI 02909
For Sale
Contact for pricing
Commercial property ideal for investors or business owners looking to expand.
Property Size3,000 SF
Price / SF$383.33
Days on Market729
Property Features for 904 Manton Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Listing Agency:
Century 21 The Seyboth Team
Listed By:
Kyle Seyboth
(508) 726-3492
Source:
Crexi
Added: Nov 13, 2024
Changed: Aug 22
Last Checked: Aug 25 at 3:56AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, currently operating as an auto repair and related services shop, offers nearly 3,000 square feet of flexible space across two levels. The property features 15-17 foot ceilings and four oversized garage doors, providing accessibility for various business types. It is equipped with 220-volt power and includes multiple lifts that will remain with the sale. Ample off-street parking is available for clients and staff. The property's location near major highways and essential amenities enhances its accessibility. This space offers potential for repurposing or continuing its use as an automotive facility.
Key Highlights
- Turnkey auto repair shop with multiple lifts included in the sale.
- Nearly 3,000 square feet of flexible space across two levels.
- Four oversized garage doors and 15‑17 foot ceilings for excellent accessibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,662
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,240
$893.2K
Cap Rate 7%
$638,029
$638.0K
Cap Rate 9%
$496,244
$496.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.6K $22.20/SF
− Vacancy
−$2.8K −$0.93/SF
EGI
$63.8K $21.27/SF
− OpEx
−$19.1K −$6.38/SF
NOI
$44.7K $14.89/SF
Area
Providence, RI
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,240
Cap Rate 7%
$638,029
Cap Rate 9%
$496,244
Alternative Uses
Best Use
Retail
$638.0K
$558.3K – $744.4K
NOI $44,662 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$423.9K
$370.9K – $494.6K
NOI $29,673 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.00M
$878.2K – $1.17M
NOI $70,256 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 37%
Electronics 1%
Wendy's
Dining
22,768 visits/mo
0.1 miles
Dunkin' Donuts
Dining
18,842 visits/mo
0.5 miles
Cumberland Farms
Shops & Services
18,472 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,976 visits/mo
0.1 miles
Hometown Pizza
Dining
1,930 visits/mo
0.4 miles
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
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Providence County, RI
Properties on Market for Auto shops in Providence County
Vacancy Rate% for Retail in Providence, RI
Similar Off Market Nearby
- MR.WRAP — 16 Alcazar Ave UNIT 3, Johnston, RI 02919
- 44 Auto Concepts inc — 21 Oakdale Ave, Johnston, RI 02919
- DCJ Auto Repair — 559 killingly st, johnston, ri 02919
- Sonny´s Auto Repair — 31 Oakdale Ave, Johnston, RI 02919
- Quetzal Auto Repair — 1075 Atwells Ave, Providence, RI 02909
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property ideal for investors or business owners looking to expand.
Where is this auto shop located?
The property is located at 904 Manton Avenue Providence, RI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Turnkey auto repair shop with multiple lifts included in the sale.; Nearly 3,000 square feet of flexible space across two levels.; Four oversized garage doors and 15‑17 foot ceilings for excellent accessibility.
