614 Plainfield Street,Providence, RI 02909
Providence, RI 02909
Description
Prime Investment Opportunity with Endless Potential! Located in a high-visibility, high-traffic area, this exceptional multi-use commercial property offers an outstanding opportunity for investors and business owners alike. The building is currently home to a successful check-cashing business and a popular Mexican restaurant, providing immediate rental income. A third commercial unit is vacant and ready for your next tenant or business venture; it was previously occupied by a well-established law office. The possibilities don't stop there! The current owner had plans to transform the expansive attic into additional living space, offering even greater income potential (subject to local approvals). Additional features include off-street parking, generous storage space, and established tenants already in place. With constant vehicle traffic, excellent visibility, and flexible commercial space, this property is perfectly positioned for long-term growth and success
Details
| MLS # | 1417295 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 88 |
| Listing Provided By | Keller Williams South Watuppa | Matthew Eliason |
Features
| Units | 3 |
|---|---|
| Building(s) | 1 |
| Acreage | 0.09 |
Interior
| Heating | Gas Connected |
|---|---|
| Heating Yes / No | Yes |
| Cooling | None |
| Cooling Yes / No | No |
| Interior Features | Ceiling Height (7 to 9 Ft) |
Exterior
| Foundation Details | Slab |
|---|---|
| Lot Features | Sidewalks, Free Standing, Urban |
| Community Features | Bus, Commuter Bus, Hospital, Interstate, Restaurant |
Utilities
| Utilities | Electricity Connected, Gas |
|---|---|
| Sewer | Connected |
| Electric | 100 Amp Service |
| Gas | Connected |
Location
| Community Features | Bus, Commuter Bus, Hospital, Interstate, Restaurant |
|---|
Taxes
| Tax Annual Amount | 8033 |
|---|---|
| Tax Assessed Value | 275100 |
| Tax Lot | 233 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02909 |
| Area | Providence |
| Listing VS Median (in 02909) | |
Price: $500,000 low | high Med: $399,950 On site: 88 low | high Med: 51.5 | |
Market Activity 02909
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02909 |
| Area | Providence |
| Listing VS Median (in 02909) | |
Price: $500,000 low | high Med: $399,950 On site: 88 low | high Med: 51.5 | |
