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Joe Fazio

joe.fazio@engelvoelkers.com +1(401) 345-2466

$ 2,675,000

Est. payment -/mo

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

14,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $191

Subdivision North Main

MLS Listing ID 1421293

HOA Y/N No

Abv Grd Liv Area 14,000

Year Built 1920

Annual Tax Amount $36,440

Tax Year 2026

Lot Size 0.542 Acres

Property Sub-Type Commercial

Property Description

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.

Location

State RI

County Providence

Community North Main

Rooms

Basement Full

Interior

Heating Baseboard, Steam

Cooling Central Air

Exterior

Community Features Highway Access, Public Transportation

Utilities Available Electricity Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Street Surface Asphalt

Total Parking Spaces 25

Building

Story 3

Foundation Combination

Sewer Connected

Water Connected, Public

Level or Stories 3

Structure Type Brick,Masonry

New Construction No

Others

Tax ID 115811661172N.MAINAND81NASHUASTPROV

Security Features Fire Alarm,See Remarks

Virtual Tour https://tour.RiLiving.com/1158-1172-N-Main-and-81-Nashua-Street-Providence-RI-02906

Listed by Lenox Realty Group

NEARBY SCHOOLS & PROPERTIES

Joe Fazio

Team Manager | Broker | License ID: REB.0019090

+1(401) 345-2466

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