365 Atwells AVE new Save Request In-Person Tour Request Virtual Tour
Providence,RI 02903
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Federal Hill
MLS Listing ID 1389593
Year Built 1895
Annual Tax Amount $35,800
Tax Year 2024
Lot Size 3,485 Sqft
Property Sub-Type Commercial
Property Description
Phenomenal opportunity in the heart of Historic Federal Hill, Providence! Package deal - This mixed-use building is being sold in combination with adjacent vacant lots, 172 Spruce & 4 McCoy (Corner lots - Atwells & Spruce), to provide the perfect opportunity for development. All three parcels are zoned C2. 365 Atwells Ave provides a solid, well-maintained, brick building, currently includes 6 residential units, and one long-standing, award-winning Italian Restaurant. Many long-term tenants with excellent rental history are currently priced well below market value. This building has been well-maintained with several recent upgrades, including brand new roof, new vinyl siding, and exterior carpentry/paint improvements. Gas and electric are all separately metered (tenants pay). Each unit has their own unique features, including one 3rd floor unit that expands into a 4th floor loft space. Each unit provides central AC/heat. Great parking. Highly sought-after location, walking distance to downtown and centrally located to shopping, entertainment, and Historic Federal Hill charm. Easy access to train station, public transportation, and highways. 5-10 minutes to area hospitals (RI Hospital, Hasbro, Women & Infants, Roger Williams, VA Med Center), universities (JWU, PC, RIC, Brown, RISD), and state offices. Quick commute to Boston. Invest in Providence's booming housing market. Lead certificates are current. Restaurant has net lease, inquire for detailed expense info.
Location
State RI
County Providence
Community Federal Hill
Zoning C2
Interior
Heating Central
Cooling Central Air
Laundry Common Area
Exterior
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks,High Traffic Location,Street Lights
Utilities Available Electricity Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
Building
Lot Description Corner Lot
Story 4
Foundation Brick/Mortar,Combination,See Remarks
Sewer Connected,Public Sewer
Water Connected,Public
Structure Type Brick,Other
New Construction No
Others
Virtual Tour https://tour.RiLiving.com/365-Atwells-Avenue-Providence-RI-02903