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    31 Delaine St Providence, RI 02909

    Sponsored
    For Sale
    $2,190,000

    Rare 37,178 SF industrial property, owner retiring.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37,178 square foot industrial property at 31 Delaine Street, Providence, Rhode Island, presents a unique investment opportunity. Located in a prime opportunity zone and zoned Industrial/Investment M-MU-75, this single-story brick building offers significant potential. Constructed in 1950 with an addition in 2005, the property boasts a robust infrastructure including a rubber roof, rooftop HVAC units, oversized electrical service, and on-site gas. The building features 14-foot ceilings, enhancing its versatility. Convenient access is provided by one loading dock and two overhead grade-level doors. Ample on-site parking is available, and the corner location at the intersection of Delaine and Valley Streets ensures high visibility. The property has been owner-occupied since its construction and is now being offered for sale due to the owner's retirement. With its substantial size, excellent features, and strategic location, this property is ideal for a variety of industrial, manufacturing, distribution, or storage uses. The 02909 zip code provides easy access to major transportation routes and the Providence metropolitan area. This is a rare opportunity to acquire a well-maintained, established industrial property in a thriving location. The property consists of one building on a 37,178 square foot lot.

    Property Features for 31 Delaine St

    General Information

    Property type
    Churches & religious facilities

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Tercat Tool & Die ... Tool & Die Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4400447
    Latitude
    41.8197219

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    FAQs

    What type of property is this?
    Church & religious facility - Rare 37,178 SF industrial property, owner retiring.
    Where is this church & religious facility located?
    The property is located at 31 Delaine St Providence, RI.
    What is the asking price?
    The asking price for this property is $2,190,000.
    Request Owner's contact information
    31 Delaine St Providence, RI 02909
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    Providence, RI 02909
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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
    31 Delaine St Providence, RI 02909
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