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    70 Ayrault St Providence, RI 02908

    For Sale
    $649,000

    Spacious Warehouse & Multi-Family Potential

    Property size:
    2,602 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Providence, RI property offers a unique investment opportunity encompassing 7,354 square feet of land and four buildings. The main structure is a three-story, 2,602 square foot multi-family home, recently renovated with two units, one currently vacant and ready for immediate occupancy. The roof is only one year old, boasting a transferable 49-year warranty, and features an efficient Navien heating system. The property is zoned R3, allowing for potential expansion of the second floor into a townhouse-style unit, increasing rental income. A second lot includes a large, oversized working garage with space for 18+ cars, including 8 individual garage bays. This garage is also zoned R-3, presenting the option to maintain its current use or redevelop it into a multi-family structure. The property's versatility, combined with its prime location in Providence, RI (zip code 02908), makes it ideal for contractors, mechanics, or investors seeking a high-return opportunity. Built in 1930, this compound offers significant potential for various uses and substantial future growth. The property includes three units in total.

    Property Features for 70 Ayrault St

    General Information

    Property type
    Distribution properties
    Square Feet
    2,602 SF

    Building Details

    Year Built
    1930
    Buildings
    4
    Stories
    3
    Units
    3
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -71.4291564
    Latitude
    41.8334258

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    FAQs

    What type of property is this?
    Distribution property - Spacious Warehouse & Multi-Family Potential
    Where is this distribution property located?
    The property is located at 70 Ayrault St Providence, RI.
    What is the asking price?
    The asking price for this property is $649,000.
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    70 Ayrault St Providence, RI 02908
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    Providence, RI 02908
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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
    70 Ayrault St Providence, RI 02908
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