Investor Opportunity Mixed-Use with 3rd unit ADU Potential // Proforma Cap Rate: 8.2% Set on a 3, 600 sq ft lot in a high-traffic area of Providence, this freestanding brick mixed-use building offers strong upside potential. The 2, 828 sq ft layout includes a spacious 1, 303 sq ft retail space on the first floor and a 750 sq ft residential unit above featuring 2 bedrooms perfect for a business and rental income. The detached garage is an easy ADU conversion adding a third unit pushing PROFORMA rents to $5.2K+ p/ month. Whether you're looking to create a third income stream or a private guest space, the groundwork is here. The building has a solid existing infrastructure, R3 zoning, and a location minutes from downtown and commuter routes, this property offers flexibility for investors, entrepreneurs, and end users alike. Run your business downstairs, rent or live upstairs, and explore the untapped value in the garage. Why rent a storefront, when you can own it, and collect rent from your tenants upstairs!Show Description MLS® Number1387578
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1920
Stories2
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatOil, Space Heater
A/CAttic Fan, Wall Units
Heating Fuel
Existing tenant lives upstairs and owns the mattress store in the commercial unit. Total rent is $2, 000.
