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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

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.
More about this property
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