For Sale
$875,000

312 Veazie StProvidence, RI 02904

Prime location, high-return potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 312 Veazie Street in Providence, Rhode Island, presents a compelling investment opportunity. The 4,040 square foot building, constructed in 1920 and situated on an 8,276 square foot lot, offers a blend of commercial and residential spaces. The first floor, previously a pub, is ready for immediate occupancy and is suitable for retail, bar, or restaurant use; build-out plans are available. The upper two floors comprise two high-quality residential units. The second floor features a three-bedroom, one-bathroom unit with a walk-out deck, stainless steel appliances, and quartz countertops. The third floor offers a seven-bedroom, two-bathroom townhouse-style unit with similar high-end finishes. Both units are ideal for student or professional rentals. The property benefits from updated heating, electrical, and plumbing systems, including a hydro-air gas heating system. A detached three-car garage provides additional income potential or ample parking. Its prime location near Providence College and downtown Providence ensures high tenant demand. This versatile property, with its substantial square footage and multiple income streams, offers significant return potential for investors seeking a mixed-use or fully residential conversion. The asking price is $875,000. This is a truly unique opportunity in a thriving Rhode Island market.

Highlights

  • $875,000 asking price.
  • Mixed-use property totaling 4,040 square feet on an 8,276 square foot lot in Providence, RI.
  • Three-story building, built in 1920, with one building and two units.
  • First floor commercial space, previously a pub, suitable for retail, bar, or restaurant use; build-out plans available.
  • Upper floors feature high-end residential units: a three-bedroom, one-bathroom unit and a seven-bedroom, two-bathroom townhouse-style unit.
  • Updated mechanicals including heating, electrical, and plumbing.

Property Details for 312 Veazie St

Property type
Retail properties, Restaurants
Square Feet
4,040 SF
Year Built
1920
Buildings
1
Stories
3
Units
2

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.8535247
Longitude
-71.435225
312 Veazie St, Providence, Rhode Island

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312 Veazie St
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