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585 Warren Ave 14,400 SF 100% Leased Retail Building East Providence, RI 02914 $2,407,335 CAD ($167.18 CAD/SF)
INVESTMENT HIGHLIGHTS
- Close Proximity to I-195 & Downtown Providence.
EXECUTIVE SUMMARY
Exceptional Commercial or Residential Redevelopment Opportunity – East Providence An outstanding opportunity awaits investors, developers, and owner-users for this site in East Providence. The property spans 34,584 sq. ft. and features a two-story, 9,600 sq. ft. building with excellent visibility and access from three street frontages, plus additional rear access. The building’s first floor contains four established retail units, while the second floor is currently configured as office space. The ground level functions as a garage, offering valuable utility and storage options. The site also includes a three-car carriage garage with 18-foot ceilings and a separate two-car garage, adding even more flexibility. This property is a prime candidate for creative redevelopment, including but not limited to: Multi-unit residential conversion Medical, wellness, or professional office use Studio or specialty commercial facility Potential subdivision for single-family home development with abundant on-site parking, unmatched accessibility, and positioning just minutes from I-195, Downtown Providence, and major routes to Boston, this standalone site sits in a high-traffic area surrounded by both long-established local businesses and national retailers. Strong area demographics and the property’s strategic location make it ideal for a wide range of uses. Conceptual drawings for a multi-unit redevelopment and a recent property survey.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,400 SF
Building Class
C
Year Built
1940
Price
$2,407,335 CAD
Price Per SF
$167.18 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Slab To Slab
12’
Building FAR
0.42
Lot Size
0.79 AC
Zoning
C3 - Commercial
Parking
40 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
95’ on Warren Ave
AMENITIES
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | EPRO-000307-000006-000002 | Improvements Assessment | $668,755 CAD |
| Land Assessment | $401,363 CAD | Total Assessment | $1,070,119 CAD |
PROPERTY TAXES
Parcel Number
EPRO-000307-000006-000002
Land Assessment
$401,363 CAD
Improvements Assessment
$668,755 CAD
Total Assessment
$1,070,119 CAD
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585 Warren Ave
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