Property profile

160 Georgia Ave Providence Providence, RI 02905

FOR SALE
Other industrial properties
Property ID
US76-0219230
5,620 SF 0.23 ac lot Built 1970
Entity Owned 30-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Two adjacent properties at 160 & 174 Georgia Ave, Providence, RI 02905 comprise a combined building area of 9,572 square feet. The buildings are configured to support mixed office, industrial, and manufacturing use cases, with flexible interior layouts that can accommodate uses such as office, light manufacturing, warehouse, flex space, contractor/service operations, and distribution. The properties include functional clear heights, available industrial power, and on-site parking. They are located along a Providence industrial corridor and provide convenient regional access to I-95, I-195, and Route 10, supporting activity serving the Providence metro area.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,620 SF
Lot 0.23 ac (10,080 SF)
Zoning code M-1
APN PROV M:101 L:352
UPID US76-0219230

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

160 Georgia Ave, Unit Providence Providence, RI 02905
Providence metro Census 101 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
$557k
Blend (final) Blend
$335k

Owner & transaction history

since 1995
1 recorded transaction
1995
$177,500

Zoning & alternative use

M-1 · Providence, RI
Zoning description

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…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $725,000 +26.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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