512 Pr Ave, Providence, RI 02905-1760
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.
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Laotino Restaurant Take-out & Catering
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Family Convenience Market Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Providence, RIProvidence. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.