7 Dike, Providence, RI

Others for Sale - $699,900 - 0.2 acres


Agent Info

Kyle Seyboth
CENTURY 21 The Seyboth Team

Property Info

CIMLS#1158791
Location
  7 Dike
  Providence RI 02909
UpdatedMay 10th, 2024
TypeOthers
Price$699,900
Land0.2 acres

Property Description

Industrial structure redevelopment opportunity! Approved plans for 11 residential units (building 3 levels 16,000sqft) within existing structure. 8 two-bedrooms and 3 one-bedrooms. Plans can be amended to add additional units and qualifies for state tax credits. Phase I and Phase II environmental completed. Existing passive income from billboards. Possibility for parking agreements with neighboring lots. Area currently undergoing federal redevelopment including new pedestrian bridge over train tracks being constructed directly across the street. Various private investment dollars being spent to revitalize the area. See link for building plans.


Financials


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