153 Messer St Providence, RI 02909
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Providence, RIProvidence. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.