Property profile

98 Butler Ave Providence, RI 02906

OFF-MARKET
Mixed-use properties
Property ID
US76-0405462
Built 1907
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Property summary

AI-generated overview

This exceptional 6,120 square foot commercial property at 98 Butler Avenue in Providence, Rhode Island, presents a unique investment opportunity. The property features a charming 1907 Victorian cottage situated on a corner lot at the intersection of Pitman and Butler Avenues. Its convenient location offers high visibility, being directly across the street from both East Side Market and a Walgreens, ensuring significant foot traffic and exposure. Currently utilized as a single-family residence, the property's C-2 zoning allows for a diverse range of commercial uses, making it ideal for redevelopment or adaptive reuse. The single-building property sits on a substantial lot, providing ample space for various commercial ventures. With an asking price of $849,000, this property offers significant potential for investors seeking a prime location in a thriving Rhode Island market. The 02906 zip code ensures easy access to major transportation routes and amenities. This is a rare chance to acquire a well-positioned commercial property with significant upside potential in a desirable area of Providence. The existing structure provides a solid foundation for a variety of commercial uses, offering flexibility and adaptability to suit a range of business needs. Don't miss this opportunity to own a piece of Providence's vibrant commercial landscape.

Property profile

Verified
Property type Mixed-use properties
Year built 1907
UPID US76-0405462

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

98 Butler Ave Providence, RI 02906
Providence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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