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    606 River St Providence, RI 02908

    For Sale
    $5,577,000

    Rare Commercial Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a portfolio of seven properties totaling 3,485 square feet located in Providence, Rhode Island. The package includes seven buildings, built in 1900, and situated at 606 River and several other addresses in the city. This unique offering provides a diverse mix of properties, presenting a strong potential for significant returns. Each property boasts a strong rental history, ensuring immediate income generation for the investor. The portfolio offers a versatile investment strategy, with a mix of property types and unit counts, ideal for expanding an existing portfolio or making a strategic entry into the Rhode Island commercial real estate market. The properties are well-maintained and located in desirable neighborhoods, offering both immediate income and long-term appreciation potential. This is a rare opportunity to acquire a diversified, income-producing real estate package, rarely seen on the market. The asking price for this entire portfolio is $5,577,000. The properties are sold as a single package. This is a truly unique opportunity for a savvy investor seeking a substantial and diversified portfolio in a thriving Rhode Island market. The properties are located in Providence County, RI, zip code 02908.

    Property Features for 606 River St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1900
    Buildings
    7

    HighLights

    • $5,577,000 asking price.
    • Seven‑property portfolio sale.
    • Special purpose commercial land totaling 3,485 sq ft.
    • Seven buildings, built in 1900.
    • Located in Providence, RI, zip code 02908.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4358733
    Latitude
    41.8380136

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    FAQs

    What type of property is this?
    Land - Rare Commercial Investment Opportunity
    Where is this land located?
    The property is located at 606 River St Providence, RI.
    What is the asking price?
    The asking price for this property is $5,577,000.
    What are key features of this property?
    This property features: $5,577,000 asking price.; Seven-property portfolio sale.; Special purpose commercial land totaling 3,485 sq ft.
    Request Owner's contact information
    606 River 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
    606 River St Providence, RI 02908
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