214 Broadway, Providence, RI 02903-3061

This exceptional retail investment opportunity presents a 4,320 square foot, two-unit building situated on a prominent 14,130 square foot corner lot in Providence, Rhode Island, at 214 Broadway, zip code 02903. The property boasts excellent curb appeal and is currently 100% leased to two high-quality tenants: D'Angelo's, occupying 75% of the space on a triple-net (NNN) lease, and Metro PCS, leasing the remaining portion on a gross lease. Both tenants have established a long-term presence. The building features ample on-site parking with 23 spaces and three convenient curb cuts, enhancing accessibility and visibility. Strong pylon signage further contributes to the property's marketing potential. The property offers a compelling 8.77% capitalization rate with a net operating income (NOI) of $92,035.72 and is zoned MO. Annual property taxes are $7,944.48. This investment is ideally positioned within a high-traffic area, benefiting from proximity to major thoroughfares including Broadway, Exchange Street, and I-95, with a combined population density exceeding 115,500 people. The asking price for this exceptional retail investment is $1,050,000.