For Sale
$575,000

824 Broad StProvidence, RI 02905

$575K, 2 Units, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 824 Broad Street in Providence, Rhode Island, presents a unique investment opportunity. Built in 1930, the 2,678 square foot building sits on a 4,356 square foot lot and currently features two units. The first floor previously housed a beauty salon, barber shop, and two separate business offices, each with its own entrance. Amenities include two bathrooms, gas heat, and central air conditioning. In 2021, the second floor was renovated into a single residential apartment, boasting a living room, dining room, kitchen, a large bathroom with a bathtub and stand-alone shower, and laundry hookups. The property offers ample parking with space for four cars. The existing configuration allows for easy conversion into three or four apartments, or a combination of commercial and residential spaces, potentially including a three-bedroom townhouse-style apartment. This versatile property is ideally situated in Providence, RI, zip code 02905, offering significant potential for future development and strong rental income. The asking price is $575,000.

Highlights

  • Asking price: $575,000
  • Mixed-use commercial property, 2,678 sq ft, on a 4,356 sq ft lot
  • Two units: ground floor previously used as commercial space (salon, barbershop, offices), and a second-floor residential apartment added in 2021
  • Built in 1930, one building
  • Located at 824 Broad Street, Providence, RI 02905

Property Details for 824 Broad St

Property type
Mixed-use properties, Land
Square Feet
2,678 SF
Year Built
1930
Buildings
1
Units
2

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.7878199
Longitude
-71.3943127
824 Broad St, Providence, Rhode Island

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824 Broad St
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