$549,000 931 Smith Street Providence, RI

MLS: 1280325   Type: Commercial   County: Providence   City: Providence   Neighborhood: Elmhurst   Zip: 02908   Style: Office     Taxes: $12,389

Mortgage $2,577 /mo



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Great opportunity for the professional occupant or investor to acquire this unique "mixed use" property offering 2 apartment units with existing leases totalling $2,100 per month in addition to 1,269 sft of office space on 1st floor. Updated windows, vinyl siding, furnace, & roof. Plenty of off street parking in rear. Fire alarm system to be installed up to code prior to closing. Current office space conforms to Covid compliance. All existing dental equipment and associated fixtures to be removed prior to closing. Both tenants are assigned 1 space parking (6 total which includes handicap space. High voltage outlet recently installed for electric vehicle charging. Don't miss this chance to be located in the heart of Elmhurst close to all conveniences with quick highway access! Seller will also consider a short period leaseback after closing. Great opportunity to obtain low down payment SBA financing for business owners who qualify. Priced to sell, so don't delay for your showing appointment.

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Price History

4/16/2021 Listed $549,000

Association Amenities Business Center, Playground, Restaurant
Building Features Public Restrooms
Business Type Mixed
Community Features Business Center, Golf, Highway Access, Near Hospital, Near Schools, Playground, Public Transportation, Recreation Area, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
Construction Materials Other
Cooling Central Air
Current Use Office
Electric 100 Amp Service, 200+ Amp Service
Heating Forced Air, Gas, Other
Land Lease Y/N No
Possible Use Office
Property SubType Office
Property Type Commercial Sale
Security Features Carbon Monoxide Detector(s), Building Security, Security Lights
Sewer Connected, Public Sewer, Storm Sewer
Structure Type Apartment
Subdivision Name Elmhurst
Terms Lease Back
Total Units 3
Utilities Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected
Virtual Tour https://tour.RiLiving.com/931-Smith-ST-Providence-RI-02908
Zoning RP

Interior Features

Above Grade Finished Area 2961
Air Conditioning Y/N Yes
Heating Y/N Yes
Total Baths 0

Exterior Features

Foundation Details Concrete Perimeter
Lot Features Corner Lot
Lot Size Area 6212
Lot Size Square Feet 6212
Number of Buildings 2
Road Frontage Type City Street, State Road
Road Surface Type Asphalt, Paved
Total Parking 6
Water Source Connected, Public

Property Schools

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Gallery (36 photos)

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Property vs Zip Code Avg (02908)

Price 549K Avg 514K

Sqr Feet 2,961 Avg 3,439

Cost / Sqr Ft $185 Avg $150

Taxes $12,389 Avg $8,978

Visits 5 Avg 12

Days on Site 28 Avg 127

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Listing Provided Courtesy Of: RE/MAX Properties

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Location & Address

Albert Realtors
1050 Reservoir Avenue
Cranston, RI