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Property profile & analytics
FOR SALE
Investment properties

153 Messer St Providence, RI 02909

2,586 SF 0.06 ac lot Built 1920
Entity Owned 2-yr Hold
Property ID
US76-0402735
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction FRAME
Total area 2,586 SF
Lot 0.06 ac (2,664 SF)
Zoning code R-3
APN PROV M:37 L:64
UPID US76-0402735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Candy Meat Market INC · 2 yrs held
Candy Meat Market INC
since 2023
Last sale
$245,000
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
Price N/A
2022
Price N/A
2021
$245,000
2021
$200,000
2021
Price N/A
Zoning & alternative use
R-3 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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