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Property profile & analytics
FOR SALE
Showrooms

665 Plainfield St Providence, RI 02909

1,260 SF 0.42 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US76-0096047
665 Plainfield St, Providence, RI 02909 For Sale
$649,900 1,260 SF
665 Plainfield St, Providence, RI 02909
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Property summary
AI-generated overview

This exceptional 0.42-acre property at 665 Plainfield Street in Providence, Rhode Island, presents a lucrative investment opportunity. Priced at $950,000, this general commercial property boasts full approvals for a dynamic mixed-use development. The project encompasses six high-visibility commercial units ideally situated in a bustling, high-traffic area, guaranteeing maximum exposure for tenants. Complementing the commercial spaces are twenty-four thoughtfully designed residential apartments, promising substantial rental income. The comprehensive plans are already approved, eliminating lengthy delays and allowing for immediate development commencement. This turnkey project offers a rare chance to capitalize on a prime location and a proven business model, generating both commercial and residential revenue streams. The property's strategic positioning ensures strong tenant demand and consistent cash flow. This is an unparalleled opportunity for investors seeking a high-return, low-risk investment in a thriving Rhode Island market. Don't miss this chance to acquire a property with significant income potential and immediate development viability. Act now to secure this exceptional investment.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,260 SF
Lot 0.42 ac (18,142 SF)
Zoning code C-1
APN PROV M:112 L:418
UPID US76-0096047
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
  • Westminster Motors LTD. Annex Car Dealership
  • Auto Exchange Inc Car Dealership
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
Clearview INC · 1 yrs held
Clearview INC
since 2024
Last sale
$420,000
7 recorded transactions
2024
$13,488
2024
$12,185
2023
Price N/A
2022
$420,000
2005
$150,000
2005
Price N/A
2001
Price N/A
Zoning & alternative use
C-1 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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