79 Elmwood Avenue

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79 Elmwood Avenue

Providence, RI 02907
Asking Price
Contact for price
Asset Type
Residential Retail
Class
Class B

AI Property Summary

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

  • Vacant land parcel spanning approximately 0.55 acres.
  • Property is situated at 79 Elmwood Avenue in Providence.
  • Site supports potential development for retail or residential uses.
  • Located within a highly accessible corridor of Rhode Island.
  • Strategic acquisition opportunity for local commercial or housing growth.

What's Special

Providence serves as a central hub for economic activity in Rhode Island, characterized by a diverse mix of educational institutions, healthcare systems, and urban residential neighborhoods. Situated along Elmwood Avenue, this property consists of 0.55 acres of vacant land. The location benefits from established transit corridors and proximity to the city's denser population centers. Investors and developers may consider this site for a variety of retail or residential projects, depending on alignment with municipal zoning regulations and current development trends in the local submarket. The parcel offers straightforward street access in a well-trafficked corridor of the city, providing a blank canvas for new construction or site expansion. Given the growth in local housing demand and commercial utility, this land presents a strategic acquisition for those seeking to build in a prominent Rhode Island municipality.

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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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