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312 Veazie St

6,150 SF 100% Leased Retail Building Providence, RI 02904 £691,259 (£112/SF)

Executive Summary

Prime Investment Opportunity Near PC! Located at 312 Veazie Street, this fully renovated mixed-use property is perfect for investors & entrepreneurs. The first floor, previously home to McCormick's Pub, is ready for a new business, with build-out plans available. This space is ideal for retail, bar or residential use. ** The property features updated heating, electrical and plumbing systems. The upper levels offer high-quality residential units. The second floor includes a three-bedroom, one-bathroom unit with a walk-out deck, stainless steel kitchen appliances, quartz countertops, & spacious bedrooms. The third & fourth floors comprise a townhouse-style unit with seven bedrooms & two full bathrooms, maintaining the same high-end finishes, ideal for student rentals.** Situated on an 8,000+-sf lot, the property provides ample parking & includes a detached three-car garage, offering additional income potential. A hydro-air gas heating system ensures efficient heating throughout the building.** This property's prime location near PC & downtown Providence makes it highly attractive for various tenants, including students and professionals. Whether utilized as a mixed-use space or converted entirely to residential units, 312 Veazie Street offers substantial income potential. Truly a versatile property with endless possibilities!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,150 SF
Building Class
C
Year Built
1920
Price
£691,259
Price Per SF
£112
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.74
Land Acres
0.19 AC
Zoning
R2
Parking
10 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
93 ft on Concannon St

Amenities

  • Bus Route

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PROV-001020-000119-000000
Land Assessment
£70,232
Improvements Assessment
£146,942
Total Assessment
£217,174
  • Listing ID: 33043084

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 312 Veazie St, Providence, RI 02904

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