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    824 Broad St Providence, RI 02905

    Sponsored
    For Sale
    $575,000

    $575K, 2 Units, High Potential

    Property size:
    2,678 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 824 Broad Street in Providence, Rhode Island, presents a unique investment opportunity. Built in 1930, the 2,678 square foot building sits on a 4,356 square foot lot and currently features two units. The first floor previously housed a beauty salon, barber shop, and two separate business offices, each with its own entrance. Amenities include two bathrooms, gas heat, and central air conditioning. In 2021, the second floor was renovated into a single residential apartment, boasting a living room, dining room, kitchen, a large bathroom with a bathtub and stand-alone shower, and laundry hookups. The property offers ample parking with space for four cars. The existing configuration allows for easy conversion into three or four apartments, or a combination of commercial and residential spaces, potentially including a three-bedroom townhouse-style apartment. This versatile property is ideally situated in Providence, RI, zip code 02905, offering significant potential for future development and strong rental income. The asking price is $575,000.

    Property Features for 824 Broad St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,678 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Units
    2

    HighLights

    • Asking price: $575,000
    • Mixed‑use commercial property, 2,678 sq ft, on a 4,356 sq ft lot
    • Two units: ground floor previously used as commercial space (salon, barbershop, offices), and a second‑floor residential apartment added in 2021
    • Built in 1930, one building
    • Located at 824 Broad Street, Providence, RI 02905
    Property Profile Location Intelligence

    Current Use by Public Records

    T & T Associates Accountant Salon 420 Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3943127
    Latitude
    41.7878199

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    FAQs

    What type of property is this?
    Mixed-use property - $575K, 2 Units, High Potential
    Where is this mixed-use property located?
    The property is located at 824 Broad St Providence, RI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Asking price: $575,000; Mixed-use commercial property, 2,678 sq ft, on a 4,356 sq ft lot; Two units: ground floor previously used as commercial space (salon, barbershop, offices), and a second-floor residential apartment added in 2021
    Request Owner's contact information
    824 Broad St Providence, RI 02905
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    Providence, RI 02905
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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
    824 Broad St Providence, RI 02905
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