129 Academy Avenue

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129 Academy Avenue

Providence, RI 02908
Asking Price
Contact for price
Asset Type
Storefront Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located in the active city of Providence, Rhode Island
  • Mixed-use storefront building with 4,244 square feet
  • Asset is currently available for purchase on the market
  • Versatile floor plan suitable for various commercial business uses
  • Positioned on Academy Avenue within a densely populated area

What's Special

Providence serves as a central hub for commerce and education in Rhode Island, benefiting from its dense urban population and proximity to major regional transit routes. This mixed-use property at 129 Academy Avenue offers 4,244 square feet of space, functioning effectively as a storefront for local business operations. The layout provides flexibility for a variety of commercial ventures, allowing owners to capitalize on the visibility afforded by its street-level positioning in a well-established neighborhood. Investors and business owners will find this asset suitable for retail, service-oriented enterprises, or potential residential integration given its mixed-use designation. The building structure supports diverse commercial activities within a community that values proximity to city amenities and academic institutions. Its configuration remains adaptable to the evolving needs of the Providence market, ensuring potential for functional utility for future occupants or tenants.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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