85 Burgess Ave East Providence, RI 02914
- Investment properties
- 0.11 lot acres
Current Use by Public Records
- Bayleys Market / Grocery Store
Property Details for 85 Burgess Ave
- Lot size
- 0.11 lot acres
- Zone code
- R6
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- EPRO M:016 B:12 L:008 U:10
- APU
- EPROM016B12L008U10
Description
This exceptional East Providence property presents a rare live/work opportunity. The offering encompasses two buildings situated on a 5,005 square foot lot. One building is a single-family home boasting approximately 1,000 square feet of living space, including three bedrooms and one full bathroom plus a half bath. This provides comfortable residential quarters, ideal for minimizing commute times or generating rental income. The second building, a 1,000+ square foot commercial structure, offers a versatile blank canvas for various business ventures. Currently utilized for hydroponic agriculture, this space readily adapts to workshops, offices, or other suitable uses. The property features private off-street parking, a significant advantage in this location. Its convenient proximity to Route 195, downtown Providence, shopping centers, and restaurants enhances its appeal. The total building square footage is 1,967 square feet. The asking price for this unique property is $350,000. Additional photos are forthcoming.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $250,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $255,000
- Mixed-Use
- $220,000
- Hospitality
- $245,000
- Educational
- $270,000
- Residential Income
- $240,000
- Energy
- $270,000
- Income-Based Land
- $255,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- East Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3838
- Latitude
- 41.8149
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA