Providence, RI 02909,622 Union AVE
Providence, RI 02909,622 Union AVE
Providence, RI 02909,622 Union AVE
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$799,900
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3,049 Sqft Lot
Active Under Contract

622 Union AVE Providence, RI 02909

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Silver Lake

MLS Listing ID 1394050

HOA Y/N No

Year Built 1922

Annual Tax Amount $10,877

Tax Year 2024

Contingent Soliciting Back-up Offers

Lot Size 3,049 Sqft

Property Sub-Type Commercial

Property Description

Motivated Seller - to be sold with an adjoining vacant lot, currently used for parking and was previously a buildable lot, offering further expansion or development potential. Welcome to a truly one-of-a-kind opportunity this 7-unit mixed-use property is the unicorn every investor is searching for. Featuring six spacious 2-bedroom, 1-bath residential units and a non-operational bar on the ground level, the building offers both immediate cash flow and long-term upside. Two of the units are in excellent condition, while several others offer the chance to add value through cosmetic updates. The former bar not included in the sale presents a tremendous opportunity: convert it into two additional residential units or revitalize it as a commercial space and capitalize on the property's mixed-use zoning. Each unit is separately metered for electric, with gas-on-gas heating. There is nothing like this on the market and hasn't been for quite some time. Whether you're an investor looking to grow your portfolio or a visionary seeking your next project, this property checks all the boxes: location, flexibility, and upside. Don't miss this chance to secure a high-potential asset with multiple exit strategies and endless possibilities.

Location

State RI

County Providence

Community Silver Lake

Zoning R-3

Rooms

Basement None

Interior

Heating Gas, Steam

Exterior

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected

Building

Story 4

Foundation Slab

Sewer Connected

Water Connected

Level or Stories 4

New Construction No

Others

Tax ID 622UNIONAVPROV

Security Features Fire Sprinkler System


Listed by Lila Delman Compass

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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