7 Dike St
8,500 SF Industrial Building Providence, RI 02909 $1,003,671 CAD ($118 CAD/SF)
EXECUTIVE SUMMARY
Industrial structure redevelopment opportunity! Approved plans for 11 residential units (building 3 levels 16,000 square feet) within existing structure. 8 two-bedrooms and 3 one-bedrooms. Plans can be amended to add additional units. 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.
PROPERTY FACTS
| Price | $1,003,671 CAD |
| Price Per SF | $118 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.20 AC |
| Rentable Building Area | 8,500 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Tenancy | Single |
| Cross Streets | Service Rd 3 |
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | PROV-350341-000000-000000 | Improvements Assessment | $593,502 CAD |
| Land Assessment | $103,218 CAD | Total Assessment | $696,720 CAD |
ZONING
| Zoning Code | C4 |
