Property summary
This industrial flex property in Providence, Rhode Island (145 Carolina Avenue) includes a warehouse-style work area with multiple overhead doors and dedicated office space. The site features a fenced parking area intended to support outdoor storage for vehicles, equipment, and inventory, and references an additional fully fenced 16,800-square-foot parking lot across the street for overflow capacity. The configuration is designed to support loading flexibility, on-site staging, and mixed indoor/outdoor operational needs. The property is zoned M-1 and is described as accommodating a broad range of light industrial and related uses, including vehicle repair, contractor and landscaping activities, towing operations, cultivation facilities, breweries, training centers, recreational and fitness uses, and co-working space for the arts, with potential for an end-user to occupy the entire building or for the space and outdoor areas to be leased in portions.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Corporate Office
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The M-1 Light Industrial District is intended for light industrial and office park uses that accommodate a variety of manufacturing, assembly, storage of durable goods, and related activities provided that they do not po…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Providence, RIThe M-1 Light Industrial District is intended for light industrial and office park uses that accommodate a variety of manufacturing, assembly, storage of durable goods, and related activities provided that they do not po…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The M-1 Light Industrial District is intended for light industrial and office park uses that accommodate a variety of manufacturing, assembly, storage of durable goods, and related activities provided that they do not po…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Providence, RI.
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