88 Niantic AveProvidence, RI 02907

  • Industrial properties
  • 23,868 SF
For Sale
$2,500,000 View listing

Property Details for 88 Niantic Ave

Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.18 AC
Property size (Sq ft)
23,868 SF
Zone code
M-1
Property type
Industrial properties
Property subtype
Other industrial properties
APN
PROV M:50 L:712
APU
PROVM50L712

Description

This exceptional 23,868-square-foot industrial property, located at 88 Niantic Avenue in Providence, Rhode Island, presents a compelling investment opportunity. Situated on a fenced 2.17-acre corner lot within the Huntington Industrial Park, this building offers a versatile layout ideal for distribution, flex, or warehouse operations. The property features approximately 5,700 square feet of office/retail/showroom space, complemented by 18,168 square feet of storage/manufacturing space with 10'-11' clear ceiling heights. Loading capabilities are robust, including seven loading docks on a platform (with expansion potential) and one grade-level door opening to an interior loading dock. Exterior amenities include ample parking and outdoor storage areas. The building is fully sprinklered and boasts a new rubber roof. The property is zoned M-1 (Light Industrial) and has an annual tax assessment of $31,649.67. This well-maintained facility offers significant potential for a variety of businesses seeking a strategic location in Providence, RI. The combination of ample space, convenient loading, and desirable location makes this an attractive investment prospect.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,516,759
    Hospitality
    $4,137,327
    Educational
    $3,442,208
    Medical
    $3,560,590
    Retail
    $5,354,545
88 Niantic Ave, Providence, Rhode Island

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.8012
Longitude
-71.4385
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,650
$229,300
$672,400
$901,700
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-
-
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