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    999 Broadway East Providence, RI 02914

    Sponsored
    For Sale
    Contact for pricing

    Four-unit building, 3795 sq ft, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 999 South Broadway UNIT 1 in East Providence, Rhode Island (zip code 02914), presents a unique investment opportunity. The 3,795 square foot building, constructed in 1980, sits on a sizable lot and boasts four units. Its prime location at a major intersection offers unparalleled visibility and accessibility. Previously occupied by a bank branch, the property retains its original vault and a drive-up teller window, offering versatile potential for various businesses. Imagine a fast-food restaurant, pharmacy, or dry cleaner utilizing this convenient feature. The stand-alone building provides ample on-site parking, complemented by additional off-site parking across the street. Its strategic location offers easy access to Route 95 and downtown Providence, with Boston a convenient 45-minute drive away. The asking price for this versatile property is $5,000. This is a rare opportunity to acquire a well-situated commercial space with significant potential for redevelopment and high return on investment. The property is classified as Land, Retail, and Office, and further categorized as Commercial, Traditional Office, Medical Office, QSR/Fast Food, Executive Office, Farm, Business, Specialty Services, Dentistry, and Real Estate.

    Property Features for 999 Broadway

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1980
    Buildings
    1
    Units
    4

    HighLights

    • 3,795 SF building on a sizable lot at 999 South Broadway, Unit 1, East Providence, RI 02914.
    • Four‑unit building constructed in 1980, located at a major intersection with high visibility and accessibility.
    • Features a drive‑up teller window and vault, ideal for various uses (e.g., QSR, pharmacy).
    • Ample on‑site parking with additional off‑site parking available.
    • Excellent location with easy access to Route 95, downtown Providence, and Boston (45‑minute drive).
    • Asking price: $5,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Mailing Service Premier Medical Group Internal Medicine Ward Muhammad S. Akhtar Oncologist Lisa Janicki Audiologist Dr. Holly Puleo Audiologist

    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
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3709153
    Latitude
    41.8133279

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    FAQs

    What type of property is this?
    Restaurant - Four-unit building, 3795 sq ft, high visibility
    Where is this restaurant located?
    The property is located at 999 Broadway East Providence, RI.
    What is the asking price?
    The asking price for this property is $5,000.
    What are key features of this property?
    This property features: 3,795 SF building on a sizable lot at 999 South Broadway, Unit 1, East Providence, RI 02914.; Four-unit building constructed in 1980, located at a major intersection with high visibility and accessibility.; Features a drive-up teller window and vault, ideal for various uses (e.g., QSR, pharmacy).
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    999 Broadway East Providence, RI 02914
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    East Providence, RI 02914
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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
    999 Broadway East Providence, RI 02914
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