640 Elmwood Ave Providence, RI 02907
For Sale
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Excellent investment opportunity located in the heart of historic Elmwood on a well traveled commercial corridor with outstanding visibility and exposure. This meticulously maintained 3,500 square foot four unit commercial property is fully occupied with established commercial business storefronts, offering strong and stable rental income. A rare opportunity to own a turnkey asset in a high traffic location, the property has been extensively renovated and rebuilt and was owner occupied for more than four decades, reflecting exceptional pride of ownership throughout. The property features numerous upgrades, and quality finishes, making it equally attractive for investors or future owner users. With potential for future mixed-use 2nd and 3rd floor residential development opportunities, this versatile commercial building combines long term stability, functionality, and upside in one of the area’s most sought after commercial settings.
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Blade's Salon and barber shop Barber Shop
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Bert's Hair Salon & Barber Shop Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.