1174 Douglas Ave, North Providence, RI 02904
9,050 SF | Retail Building | North Providence, RI 02904 | $979,900 ($108/SF) | 8.90% Cap Rate
For Sale
Active
23 pictures
Asking Price $979,900
- Property Type
-
Retail
- Square Feet
- 9,050 SF
- Price / Square Foot
- $108
Listing Contacts
Pete Dufresne
Justin Dower
Property Overview
Rare opportunity to acquire a unique commercial and residential property in North Providence, Rhode Island. This property is a must-see for any savvy investor looking for a lucrative return. Located at 1174 Douglas Avenue, this property is comprised of a 7,700 square foot Autobody shop/mechanic garage and a 2-unit multi-family residence situated on two abutting lots. The shop is fully equipped with all the necessary tools and equipment, including 2 lifts inside, one outdoor lift, two flatbed trucks, two forklifts, one 8000lb long forklift and a whole host of parts inventory (excluding used resale dealer cars). The security camera system is operational. Autobody, mechanic, towing, salvage and dealer licenses are all active. This is a turnkey business ready to be taken over by an ambitious entrepreneur. The multi-family residence features two separate units, each with its own entrance and all utilities are separate. Currently, the two units generate rental income of $1,100 and $900 per month, respectively, leaving room for tremendous upside. These units are perfect for tenants looking for comfortable living spaces within close proximity to their workplace. Overall, this property presents a fantastic opportunity for a wide range of investors, from entrepreneurs looking to start their own business, to those looking to invest in a stable income-generating asset. Don't miss out on this unique opportunity to acquire a property that will provide a consistent stream of income.
Property Details
- Class
- C
- Year Built
- 1965
- Stories
- 2
- Property Subtype
- Vehicle Related, Service, Office/Residential
- Lot Size (sq. ft)
- 53,143 SF
Highlights
- Dealer, salvage, towing, mechanic and autobody licenses active
- Potential for partial residential financing
- Vast inventory of parts and equipment
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