550 Hartford Ave, Providence, RI 02909
40,526 SF | 100% Leased | Retail Building | Providence, RI 02909 | $4,932,971 ($122/SF) | 7.25% Cap Rate
For Sale
Active
Asking Price $4,932,971
- Property Type
-
Retail
- Square Feet
- 40,526 SF
- Price / Square Foot
- $122
Listing Contacts
Matthew Nadler
Aaron Huntley
Robert Horvath
Property Overview
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a multi-tenant retail center located at 550 Hartford Avenue (US Route 6A) in Providence, Rhode Island (the “Property”). Located in the Hartford neighborhood of Providence, the plaza was constructed in 1988 and is improved by a 40,526 square foot building on a large 4.43-acre parcel of land. The Property is 100% leased to ten (10) tenants and is anchored by a high-volume Dollar General, Advance Auto Parts, and a high enrollment Children’s Friend of Rhode Island with the remainder of the space leased to Subway and several local and regional retailers and service tenants that cater to the needs of the area residents. The plaza is well located along heavily trafficked Hartford Avenue (US Route 6A), the area’s primary commercial and commuter corridor in the Hartford neighborhood of Providence. Positioned at the signalized intersection of Hartford Avenue and Petteys/Glenbridge Avenue, the Property enjoys outstanding frontage, visibility and access and is 0.5-miles from US Highway 6. The Property is surrounded by densely populated residential neighborhoods that provide a built-in customer base and is less than 3-miles from Downtown Providence and the Central Business District.
Property Details
- Class
- C
- Year Built
- 1988
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 192,971 SF
Highlights
- Operating Expense Protection
- Prime Retail Location
- Proximity to Local Colleges
- High Traffic Counts
- Strong Demographics
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].