882 Broad St Providence, RI 02907-1724
Property summary
This exceptional four-story building at 882 Broad Street in Providence, Rhode Island, presents a compelling investment opportunity. Situated on a 4,356 square foot lot, this 1960-constructed property offers approximately 8300 square feet of space and boasts a versatile C2 zoning designation. The building's current configuration allows for a multitude of uses, including commercial, office, and residential applications. Preliminary plans suggest the potential for conversion into 22 or 16 residential units, complemented by two ground-floor commercial spaces, with a projected value of $4.2 million. Recent upgrades include comprehensive electrical and plumbing system renovations, updated windows, and an elevator. The property also features 8-10 parking spaces and a code-compliant sprinkler system. Its prime location in Providence ensures high visibility and convenient highway access. This mixed-use property offers significant potential for maximizing returns. The building consists of one unit across four stories.
Property profile
VerifiedCap rate & NOI
Current use
-
Construction Company General Contractor
-
Construction Company General Contractor
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Providence, RIThe intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Providence, RI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
