Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Investment properties

    512 Pr Ave, Providence, RI 02905-1760

    2,122 SF 0.1 ac lot Built 1920
    Individually Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US76-0406312
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1920
    Construction FRAME
    Total area 2,122 SF
    Lot 0.1 ac (4,237 SF)
    Zoning code R-3
    APN PROV M:54 L:79
    UPID US76-0406312
    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
    • Laotino Restaurant Take-out & Catering
    • Family Convenience Market Grocery & Convenience Store
    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
    Anibal A Tillett · 11 yrs held
    Anibal A Tillett
    since 2014
    7 recorded transactions
    2014
    $90,000
    2013
    $79,200
    2013
    $71,000
    2012
    $1
    2004
    2001
    1997
    Zoning & alternative use
    R-3 · Providence, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 512 Pr Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message