431 Harris AveProvidence, RI 02909

  • Industrial properties
  • 1.44 AC
For Sale
$4,500,000 View listing

Property Details for 431 Harris Ave

Lot size
1.44 AC
Zone code
M-MU-7
Property type
Industrial properties
Property subtype
Other industrial properties
APN
PROV M:27 L:8
APU
PROVM27L8

Description

This exceptional investment opportunity presents a substantial 83,015 square foot mill building situated on a 62,000 square foot lot in Providence, Rhode Island, zip code 02909. Located at the highly visible four-way intersection of Harris Avenue and Atwells Avenue, this property boasts unparalleled exposure to significant traffic volume. The asking price is $4,500,000. The property consists of two buildings, offering ample space for a variety of industrial or commercial uses. The building is currently vacant, providing a blank canvas for a new owner's vision. Its prior use as a Capital Records facility speaks to its historical significance and robust construction. Abundant on-site parking is available, a significant advantage in a densely populated urban area. The property's strategic location offers easy access to major roadways, enhancing its logistical appeal. This is a rare chance to acquire a large, well-positioned industrial property in a thriving Rhode Island city. The property's size, location, and visibility make it an ideal candidate for redevelopment or repurposing. Serious inquiries are encouraged.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,878,539
    Hospitality
    $10,880,678
    Educational
    $9,052,596
    Medical
    $9,363,929
    Retail
    $14,081,817
431 Harris Ave, Providence, Rhode Island
Leaflet | © OpenStreetMap contributors

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.8252
Longitude
-71.4348
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$38,058
$153,000
$813,200
$966,200
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