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    982 Willett Ave East Providence, RI 02915

    Sponsored
    For Sale
    $520,000

    5,663 SF Commercial Lot, $520,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel, located at 982 Willett Avenue in East Providence, Rhode Island, presents a compelling investment opportunity. The 5,663 square foot lot is zoned C1 and boasts a single-story, 1965-built structure. While the building itself is included in the sale, the focus is on the land's potential for redevelopment or continued use as a commercial property. The existing building offers approximately 1400 square feet of space, divided between two levels. The upper level features high cathedral ceilings and large east-facing windows, providing ample natural light, suitable for various retail uses such as a salon, café, or shop. The lower level, accessed via a separate entrance, includes private rooms ideal for offices or wellness services, complete with laundry and bathroom facilities. The property benefits from a highly visible location on State Route 103, within a neighborhood characterized by strong foot traffic and a diverse range of surrounding businesses. Fifteen parking spaces are available on the property, adding significant convenience for potential tenants or customers. The property is offered at $520,000. The zip code is 02915.

    Property Features for 982 Willett Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    HighLights

    • 5,663 SF C1‑zoned lot in East Providence, RI.
    • Includes a 1,400 SF, single‑story building (1965 construction).
    • High‑visibility location on State Route 103 with strong foot traffic.
    • Upper level features high ceilings and ample natural light, suitable for retail.
    • Lower level offers private rooms ideal for offices or wellness services, including laundry and bathroom facilities.
    • 15 on‑site parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Soiree Salon & Spa Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3464611
    Latitude
    41.7596524

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    FAQs

    What type of property is this?
    Land - 5,663 SF Commercial Lot, $520,000
    Where is this land located?
    The property is located at 982 Willett Ave East Providence, RI.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: 5,663 SF C1-zoned lot in East Providence, RI.; Includes a 1,400 SF, single-story building (1965 construction).; High-visibility location on State Route 103 with strong foot traffic.
    Request Owner's contact information
    982 Willett Ave East Providence, RI 02915
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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
    982 Willett Ave East Providence, RI 02915
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