$250,000
$299,900
16.6%For more information regarding the value of a property, please contact us for a free consultation.
1044 Smithfield Ave Lincoln, RI 02865
2,029 SqFt
Key Details
Sold Price $250,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,029 sqft
Price per Sqft $123
MLS Listing ID 72768413
Sold Date 03/09/21
Year Built 1870
Annual Tax Amount $5,695
Tax Year 2020
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Fabulous opportunity to own a mixed use building with spacious professional office on first floor and a 2-bedroom residential apartment on the second floor. Corner lot with 8-10 parking spaces (paved) for the office and an additional two private spaces for the apartment. Tenant has private entrance, yard and parking on the Hill Avenue side of building. Roof is 4 years old. Oil heat and central air on first floor (office) and gas heat on second floor (residential unit). Excellent and visible location near amenities and easy highway access nearby. Note: Per Town of Lincoln Zoning Officer, property may be returned to a two-unit multi-family use. However, per most lenders, converting it back to a residential two-unit use, initial financing will still require a commercial mortgage.
Location
State RI
County Providence
Zoning RG7
Direction Smithfield Avenue is RI Route 126. Property is located on the corner of Smithfield & Hill Avenues.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Shingle
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Bought with Non Member • NextHome Ocean State Realty Group