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40 Bassett st 0.79 Acres of Commercial Land Offered at $5,478,840 CAD in Providence, RI 02903
Executive Summary
Churchill & Banks is pleased to present commercial land for redevelopment in Downtown Providence. Land is located within the federal Opportunity Zone with many tax incentives available! The site is located in the Jewelry District with easy Interstates' 95 and 195 access. The parcel is well located next to the Coro Center which houses Lifespan and Imperial Place, a mixed-use property with a variety of long-term tenants. Located directly next to the I-195 Redevelopment District, the area will require parking and other services to compliment future commercial and mixed-use developments. Property is currently zoned for a 10 story parking garage, medical, office, or residential uses. Owner is willing to work out a long-term ground lease or outright sale. For any additional questions, please contact me.
Property Facts
| Price | $5,478,840 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.36 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | D-1-20 - Commercial Land | ||
| Price | $5,478,840 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.36 AC |
| Opportunity Zone |
Yes |
| Zoning | D-1-20 - Commercial Land |
1 Lot Available
Lot
| Price | $5,478,840 CAD | Lot Size | 0.79 AC |
| Price Per AC | $6,935,240.35 CAD |
| Price | $5,478,840 CAD |
| Price Per AC | $6,935,240.35 CAD |
| Lot Size | 0.79 AC |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | PROV-210070-000000-000000 | Improvements Assessment | $20,918 CAD |
| Land Assessment | $2,055,075 CAD | Total Assessment | $2,075,992 CAD |
Property Taxes
Parcel Number
PROV-210070-000000-000000
Land Assessment
$2,055,075 CAD
Improvements Assessment
$20,918 CAD
Total Assessment
$2,075,992 CAD
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40 Bassett st
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