464 Silver Spring St - Specialty FOR SALE


Providence, RI 02904- Charles
$1,200,000 USD
508-726-3492
464 Silver Spring St, Providence, RI for Sale
$1,200,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

464 Silver Spring St
Providence, RI 02904
Charles


OVERVIEW

Located at 464 Silver Spring Street in the heart of Providence, RI, this property offers a remarkable 16,000 square foot lot with commercial (C3) zoning, providing exceptional development potential. Positioned in a prime area, the location allows for the best use of 40+ units across the entire lot, making it an ideal opportunity for residential or mixed-use development. The existing church building, which is fully operational, sits along Silver Spring Street, while the parking lot is accessible from Swift Street. The expansive parking area presents opportunities for future growth, including the potential for subdivision or redevelopment. Currently, the church houses multiple congregations that provide a steady rental income stream, while also maintaining its tax-exempt status as a place of worship. This property combines an active, income-generating facility with outstanding development potential in a highly desirable location, perfect for maximizing its future value.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$465 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,987 SF

ZONING

C3

APN/PARCEL ID

PROV M:77 L:905

ASK ABOUT THIS PROPERTY

Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.