Mt. Carmel Property - Federal Hill

Retail-Commercial for Sale
Catylist Listing ID: 30048050
Property Subtypes: Free-Standing Building, Parking Facility, Other
Building Size (RSF): 14,814 SF
Gross Land Area: 40,863 SF
Sale Price: $1,950,000
Unit Price: $131.63 PSF
Property Use Type: Vacant/Owner-User
Building Name: The Church of Our Lady of Mount Carmel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2017

Overview / Comments

Located in the heart of the Federal Hill neighborhood, Our Lady of Mt. Carmel Church, Rectory, Detached Garage and Parking Lot is situated within a Residential (R4) zone and a General Commercial (C-2) zone.

Subject properties are 6,8,12 and 18 Spruce Street and 110 and 128 Dean Street in the City of Providence.

Improvements consist of a one-story brick church constructed in 1925 containing 7,198 sf with a 3,599 sf basement; a 2.5 story brick rectory containing 4,017 sf with a full basement; and a detached garage. Situated at a signalized intersection of Atwells Avenue and Dean Street and Spruce Street and contains 40,863 sf.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Spruce / Dean / Bond
Property Visibility: Fair
Highway Access: I-95 and Route 10
Airports: T.F. Green - Warwick
Site Description: 3 improved buildings and private parking lot
Area Description: Federal Hill is a favorite tourist stop, famous for its many restaurants, cafes, shops in addition to hosting many events throughout the year like the Italian Festival and parades around the holiday season
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Fair
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Corner parking lot, approx 20 cars
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Zoning Description: C2 & R4
Water Service: Municipal
Sewer Type: Municipal
Easements: Environmental
Legal Description: Plat 26, Lots 128, 129, 133, 139, 143 & 354

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 44,412 264,932 462,914
Median Age: 30.25 33.31 36.33
Households: 16,954 98,867 180,007

Contact

Photograph of Listing Agent

Brenda L. L Marchwicki

BisMarc Properties, LLC RICIE Member
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