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Property profile & analytics
FOR LEASE
Industrial properties

253 Georgia Ave Providence, RI 02905

14,822 SF 0.73 ac lot Built 1910
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US76-0180229
Property summary
AI-generated overview

This exceptional single-story manufacturing facility, located at 253 Georgia Avenue in Providence, Rhode Island, presents a unique opportunity for businesses seeking efficient and well-situated industrial space. The property boasts a generous 14,822 square feet of building area situated on a sizable 31,708 square foot lot. The building features 16-foot ceilings, providing ample vertical space for various manufacturing operations. Access is convenient with one drive-in door. The property is zoned M-1, ensuring compatibility with a wide range of industrial uses. Its strategic location offers excellent accessibility, being less than one mile from I-95, and benefits from prominent frontage on Georgia Avenue, Toronto Avenue, and Eddy Street. This property is ideal for businesses requiring a single-tenant industrial space in a prime Providence location. The building is situated in Providence County, Rhode Island, with a zip code of 02905. This is a single-level building, making operations efficient and straightforward. The property's size and features make it suitable for a variety of manufacturing and industrial applications. The convenient location and ample space make this an attractive option for businesses seeking to establish or expand their operations in the Providence area.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,822 SF
Lot 0.73 ac (31,708 SF)
Zoning code M-1
APN PROV M:58 L:789
UPID US76-0180229
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
Current use
Occupant on record · Public records
  • Trombley's Automotive Services Auto Repair Shop
  • E E Weller MCS Finishing Inc Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
253 Georgia Avenue LLC · 5 yrs held
253 Georgia Avenue LLC
since 2021
Last sale
$250,000
1 recorded transaction
2021
$250,000
Zoning & alternative use
M-1 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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