1158 1172 N. Main and 81 Nashua, Providence, RI, 02906

GENERATIONAL ASSET FOR SALE! A truly rare 4-lot portfolio on Providence's bustling North Main Street corridor. Featuring 2 busy commercial storefronts, two separate 3-family residential homes, 2 additional upper-level 2BR apartments, two garage buildings, and a buildable rear residential parcel—this property offers unparalleled versatility. This property presents many options for a new owner. Option 1 - Operate the existing 8 residential units, 2 commercial spaces, and garage buildings as a stabilized, inflation-hedged rental engine with significant room to push rents via minor cosmetic upgrades. Option 2 - Capitalize on the existing structures for steady holding cash flow while permitting and constructing additional residential density on top of current footprints or on the separate rear lot. Option 3- Zoned C-2 (Community Commercial) and located within Providence’s Transit-Oriented Development (TOD) Overlay, the site allows for high-density multi-family housing, medical, office, retail, or mixed-use development by-right. The options are yours but this is a can't miss opportunity with direct access to US-1, I-95, Brown University, and Miriam Hospital ensuring perpetual tenant demand across both commercial and residential components.

Commercial Sale, Commercial/Business
$2,675,000
Location
City/TownProvidence
CountyProvidence
Community FeaturesBus, Commuter Bus, Highway Access, Interstate
Interior
Living Area14,000 sq. ft.
HeatingBaseboard, Central Air, Steam
CoolingCentral Air
Interior FeaturesCeiling Height (9 to 12 Ft)
Additional Information
Tax Assessment$2,073,100
Listed By: Lenox Realty Group

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