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162 Vincent Avenue, North Providence, RI, 02904 | $449,000
Prime commercial land opportunity in a highly visible, high traffic location at the corner of Charles Street and Mineral Spring Avenue. This offering includes two commercially zoned lots (Assessor's Plat 2/Lot Nos. 247 and 264), known as 0 Urban Avenue and 162 Vincent Avenue, with frontage and visibility along Charles Street.
Currently utilized for parking, these parcels offer exceptional potential for redevelopment, expansion, additional parking, or investment, subject to municipal approvals. Their strategic location provides outstanding exposure and convenient access in one of the area's busiest commercial corridors.
The lots may be purchased individually as part of this offering or together with the adjacent mixed use property 1058 Charles St, which includes a fully built out restaurant, retail space, and residential units. Please refer to the separate MLS 1417424 listing for the complete package.
Rare opportunity to secure commercially positioned land with endless possibilities in a thriving location. Buyer to do their own due diligence on use.
Features
- Property Type: Commercial
- Utilities: Sewer Not Available
- Parking: 50-car
- Amenities: Highway Access,Near Schools,Public Transportation,Restaurant,Shopping,High Traffic Location,Sidewalks
- Zoning: CV
- Est. Taxes: $3,572
- MLS#: 1417428
- Website: https://www.raveis.com
/prop/1417428/162vincentavenue_northprovidence_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
162 Vincent Avenue, North Providence, RI, 02904
$449,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $359,200 | $359,200 | $359,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $298 | $298 | $298 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,183 | $2,268 | $2,983 |
| Total Monthly Payment | $2,556 | $2,641 | $3,356 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB