862 Charles St
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862 Charles St
8,652 SF 16% Leased Office Building Providence, RI 02904 $1,250,000 ($144/SF)
Investment Highlights
- Value add property
- Commercial building built in the 80's - block building.
- 3 commercial units: built to suit for tenant or owner occupant.
- Mixed use: 3 commercial units, 2 residential units.
- 2 Residential units ready to be leased.
- CV zoning
Executive Summary
Discover a unique investment opportunity with this well-maintained mixed-use property, offering both residential and commercial possibilities. Residential Component: Located on Charles Street, this property features a charming 2-family home with two renovated units. Each unit includes 2 bedrooms and has been updated to provide modern comforts. These ready-to-rent units are perfect for generating immediate rental income. Commercial Component: The second building on the property is a substantial 7,272 square feet masonry structure built in 1982. Zoned CV (Commercial Village), it offers a multitude of potential uses. Currently, the building is divided into three separate units, each with its own utilities, including three-phase electric, sewer, water, and gas. The building is equipped with an up-to-date fire alarm system and includes bathrooms in both common areas and private units, ensuring convenience for businesses and tenants alike. The well-maintained facility is ideal for running a business while benefiting from rental income from the residential units. This property presents a fantastic opportunity for investors or entrepreneurs seeking a versatile space with built-in income potential. Don't miss out on this exceptional chance to own a well-located, multi-use property with ample space and modern amenities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,652 SF
Building Class
B
Year Built
1983
Price
$1,250,000
Price Per SF
$144
Percent Leased
16%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,272 SF
Building FAR
0.68
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
CV - Commercial, light industrial, light manufacturing, office space, residential
Parking
10 Spaces (1.38 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | NPRO-000001-000000-000391 | Improvements Assessment | $482,100 |
| Land Assessment | $115,300 | Total Assessment | $597,400 |
PROPERTY TAXES
Parcel Number
NPRO-000001-000000-000391
Land Assessment
$115,300
Improvements Assessment
$482,100
Total Assessment
$597,400
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862 Charles St
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