Description
Phenomenal opportunity in the heart of Historic Federal Hill, Providence! Package deal - This mixed-use building is being sold in combination with adjacent vacant lots, 172 Spruce & 4 McCoy (Corner lots - Atwells & Spruce), to provide the perfect opportunity for development. All three parcels are zoned C2. 365 Atwells Ave provides a solid, well-maintained, brick building, currently includes 6 residential units, and one long-standing, award-winning Italian Restaurant. Many long-term tenants with excellent rental history are currently priced well below market value. This building has been well-maintained with several recent upgrades, including brand new roof, new vinyl siding, and exterior carpentry/paint improvements. Gas and electric are all separately metered (tenants pay). Each unit has their own unique features, including one 3rd floor unit that expands into a 4th floor loft space. Each unit provides central AC/heat. Great parking. Highly sought-after location, walking distance to downtown and centrally located to shopping, entertainment, and Historic Federal Hill charm. Easy access to train station, public transportation, and highways. 5-10 minutes to area hospitals (RI Hospital, Hasbro, Women & Infants, Roger Williams, VA Med Center), universities (JWU, PC, RIC, Brown, RISD), and state offices. Quick commute to Boston. Invest in Providence's booming housing market. Lead certificates are current. Restaurant has net lease, inquire for detailed expense info.
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0BEDS
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0.08ACRES
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01/2 BATHS
School Ratings & Info
Description
Phenomenal opportunity in the heart of Historic Federal Hill, Providence! Package deal - This mixed-use building is being sold in combination with adjacent vacant lots, 172 Spruce & 4 McCoy (Corner lots - Atwells & Spruce), to provide the perfect opportunity for development. All three parcels are zoned C2. 365 Atwells Ave provides a solid, well-maintained, brick building, currently includes 6 residential units, and one long-standing, award-winning Italian Restaurant. Many long-term tenants with excellent rental history are currently priced well below market value. This building has been well-maintained with several recent upgrades, including brand new roof, new vinyl siding, and exterior carpentry/paint improvements. Gas and electric are all separately metered (tenants pay). Each unit has their own unique features, including one 3rd floor unit that expands into a 4th floor loft space. Each unit provides central AC/heat. Great parking. Highly sought-after location, walking distance to downtown and centrally located to shopping, entertainment, and Historic Federal Hill charm. Easy access to train station, public transportation, and highways. 5-10 minutes to area hospitals (RI Hospital, Hasbro, Women & Infants, Roger Williams, VA Med Center), universities (JWU, PC, RIC, Brown, RISD), and state offices. Quick commute to Boston. Invest in Providence's booming housing market. Lead certificates are current. Restaurant has net lease, inquire for detailed expense info.
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