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    877 Broadway Ave East Providence, RI 02914

    Sponsored
    For Sale
    $775,000

    Multi-use building, 9,995 sq ft lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 877 Broadway Avenue in East Providence, Rhode Island, presents a rare investment opportunity. Situated on a 9,995 square foot lot, this 1971-built building offers a versatile layout ideal for a variety of commercial uses. The property boasts seven private offices, providing ample space for individual work or team collaboration. A large open room offers flexibility for various purposes, whether it's a retail space, a production area, or a large common area. Convenient amenities include a dedicated break room and two bathrooms. The building's location on a main road ensures high visibility and accessibility, attracting significant foot traffic and potential customers. The property's diverse zoning allows for a wide range of commercial ventures, including office space, retail, hospitality, and even specialized services such as pharmacies, bakeries, or salons. The ample lot size also provides the potential for expansion or additional development. This is a unique opportunity to acquire a well-established commercial property in a thriving Rhode Island location. The asking price is $775,000. Don't miss out on this chance to secure a valuable asset in a prime commercial area.

    Property Features for 877 Broadway Ave

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1971
    Buildings
    1

    HighLights

    • $775,000 asking price.
    • 9,995 square foot lot.
    • 1971‑built building on Broadway Avenue in East Providence, RI.
    • Property includes land, office, retail, and hospitality space.
    • Features seven private offices, a large common room, break room, and two bathrooms.
    • Includes a private parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3695289
    Latitude
    41.8172704

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    FAQs

    What type of property is this?
    Individual retail property - Multi-use building, 9,995 sq ft lot, high visibility.
    Where is this individual retail property located?
    The property is located at 877 Broadway Ave East Providence, RI.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: $775,000 asking price.; 9,995 square foot lot.; 1971-built building on Broadway Avenue in East Providence, RI.
    Request Owner's contact information
    877 Broadway Ave 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
    877 Broadway Ave East Providence, RI 02914
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