153 Messer St Providence, RI 02909
- Investment properties
- 2,586 SF
- 0.06 lot acres
Current Use by Public Records
- Investment properties
Property Details for 153 Messer St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.06 lot acres
- Property size
- 2,586 SF
- Zone code
- R-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- PROV M:37 L:64
- APU
- PROVM37L64
Description
This exceptional mixed-use property at 153 Messer Street in Providence, Rhode Island, presents a unique investment opportunity. The 2,664 square foot lot houses a charming building constructed in 1920, featuring a ground floor commercial space and a second-floor residential apartment. Currently operating as a grocery store, the first floor commercial space includes all existing inventory in the sale. The second-floor apartment offers three bedrooms, a full bath, a kitchen, and a living area. A partially finished basement adds further potential for expansion or storage. This property benefits from a convenient location near major roadways, schools, and other amenities. The building is readily accessible for showings. The asking price for this turnkey operation is $799,900. This is a rare chance to acquire a well-established business with significant upside potential, combined with a rental income stream from the residential unit. The property's blend of commercial and residential use makes it an attractive investment for both seasoned and new investors seeking a strong return on investment in a thriving Rhode Island market. The inclusion of all existing inventory in the sale provides an immediate revenue stream for the new owner. Don't miss this opportunity to own a piece of Providence's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $300,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $320,000
- Mixed-Use
- $370,000
- Hospitality
- $355,000
- Educational
- $370,000
- Residential Income
- $350,000
- Energy
- $275,000
- Income-Based Land
- $350,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4357
- Latitude
- 41.8112
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
