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Property profile & analytics

512 Prairie Ave Providence, RI 02905

  • Investment properties
  • 2,122 SF
  • 0.10 lot acres
Value Estimation
Location Intelligence
Property ID
US76-0406312
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Laotino / Takeout Restaurant
  • Family Convenience Market / Convenience Store

Property Details for 512 Prairie Ave

Year built
1920
Construction
FRAME
Lot size
0.10 lot acres
Property size
2,122 SF
Zone code
R-3
Property type
Investment properties
Property subtype
Live-work space
APN
PROV M:54 L:79
APU
PROVM54L79

Description

This exceptional commercial property, situated at 512 Prairie Avenue in Providence, Rhode Island, presents a unique investment opportunity. Located on a bustling street in the heart of South Providence, this general commercial space boasts over 1,000 square feet of leasable area. The property sits on a 0.1-acre lot and is ideally positioned within a thriving neighborhood, surrounded by residential properties. The existing equipment within the space can be utilized by a new owner or replaced to suit individual business needs. This prime location offers significant potential for a variety of businesses, particularly those catering to the residential community. The ongoing construction of a 12-unit residential building directly across the street further enhances the property's long-term prospects, ensuring a growing customer base. The asking price for this promising commercial space is $59,900. This presents a compelling opportunity for entrepreneurs seeking a well-located, established space in a rapidly developing area of Providence. The property's convenient location and existing infrastructure make it an attractive option for a range of commercial ventures, including but not limited to convenience stores and restaurants. Serious inquiries are encouraged to explore this exciting opportunity further.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Providence
County
Providence
State
Rhode Island
Longitude
-71.4123
Latitude
41.8002
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$70,600
$90,400
$161,000
-
$0.00
$0.00
$0.00
More about this property
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