622 Union AVE Active Save Request In-Person Tour Request Virtual Tour
Providence,RI 02909
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Silver Lake
MLS Listing ID 1388063
HOA Y/N No
Year Built 1922
Annual Tax Amount $10,877
Tax Year 2024
Lot Size 3,049 Sqft
Property Sub-Type Commercial
Property Description
Welcome to a truly one-of-a-kind opportunity this 7-unit mixed-use property is the unicorn every investor is searching for. Featuring six spacious 2-bedroom, 1-bath residential units and a non-operational bar on the ground level, the building offers both immediate cash flow and long-term upside. Two of the units are in excellent condition, while several others offer the chance to add value through cosmetic updates. The former bar not included in the sale presents a tremendous opportunity: convert it into two additional residential units or revitalize it as a commercial space and capitalize on the property's mixed-use zoning. Each unit is separately metered for electric, with gas-on-gas heating. An adjoining vacant lot MLS# 1388085 currently used for parking is also available for purchase and was previously a buildable lot, offering further expansion or development potential. There is nothing like this on the market and hasn't been for quite some time. Whether you're an investor looking to grow your portfolio or a visionary seeking your next project, this property checks all the boxes: location, flexibility, and upside. Don't miss this chance to secure a high-potential asset with multiple exit strategies and endless possibilities.
Location
State RI
County Providence
Community Silver Lake
Rooms
Basement None
Interior
Heating Gas,Steam
Exterior
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),Sidewalks
Utilities Available Natural Gas Connected,Sewer Connected
Building
Story 4
Foundation Slab
Sewer Connected
Water Connected
Level or Stories 4
New Construction No
Others
Tax ID 622UNIONAVPROV
Security Features Fire Sprinkler System