98 Butler Ave Providence, RI 02906
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.
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.