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$ 1,400,000
Est. payment | /mo
7,841 Sqft Lot
$ 1,400,000
Est. payment | /mo
7,841 Sqft Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Federal Hill
MLS Listing ID 1423818
HOA Y/N No
Year Built 1900
Annual Tax Amount $22,147
Tax Year 2025
Lot Size 7,841 Sqft
Property Sub-Type Commercial
Property Description
Excellent investment opportunity in desirable Federal Hill! Situated on an oversized lot in an R-4 zone, this fully occupied property offers strong tenant retention and significant potential for future growth. Numerous updates have been completed throughout the units, including modern kitchens and bathrooms, while original hardwood floors retain the property's classic character. Mechanical improvements include high-efficiency, on-demand heating systems and an updated fire-safety system. Plentiful parking on site. Utilities separate. Additional opportunities may exist to enhance income through storage, parking, laundry, rent optimization, property improvements, or future development, subject to applicable approvals. Buyers and their agents are encouraged to perform their own due diligence. Location offers walkability and close proximity to area entertainment, dining, and shopping. Easy access to public transportation, Rt 10, 6, & 95, and minutes to Downtown Providence Train Station. Within 10 minutes or less of major hospitals, universities, and state offices. Walk or bike to Downtown Providence.
Location
State RI
County Providence
Community Federal Hill
Zoning R-4
Interior
Heating Steam
Exterior
Utilities Available Municipal Utilities, Water Connected, Sewer Connected
Total Parking Spaces 10
Building
Story 3
Sewer Connected, Public Sewer
Water Public
Level or Stories 3
Structure Type Frame
New Construction No
Others
Tax ID 94RIDGESTPROV
Virtual Tour https://tour.RiLiving.com/94-Ridge-Street-Providence-RI-02909
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Listed by RentProv Realty
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