Prime vacant M-1 zoned development parcel offered at $260,000 exceptional opportunity for builders and portfolio investors. Located in a stable commercial/industrial corridor with excellent street access and utility proximity, this lot is ideally suited for light industrial, flex-commercial, or adaptive reuse projects. The parcel can be sold together with adjacent lots (seller willing to consider assemblage), creating a larger development footprint for multi-unit rental or mixed-use industrial/residential conversions (subject to approvals). This property represents a rare, affordably priced entry into the market for developers who want to scale quickly by combining this site with neighboring parcels. Preliminary site review suggests strong potential for efficient site plan options due to straightforward topography and good curb frontage. Buyer should conduct due diligence, including zoning verification, environmental/site assessments, and utility capacity review.
125 Alger Avenue, Providence, RI, 02907
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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