Providence, AL Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Providence, Alabama Market population: 178K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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10 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Providence RI Properties: 1.0700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Providence RI
Common questions from investors exploring commercial real estate in Providence RI.
What is the overall investment potential of Providence, RI, considering its demographic and economic factors?
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The city's median household income of $37,632, combined with a poverty rate of 25.0% and a health insurance coverage rate of 89.0%, suggests a working-class market with some employment stability, making it a potential location for real estate investment, especially given the diverse top industries including Information, Public Administration, and Finance & Insurance.
How does the ethnic diversity and commute time in Providence impact the rental market?
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The top ethnicities, including White, Hispanic, and White Non-Hispanic, contribute to a diverse rental market, while the average commute time of 21.4 minutes and top commute methods like driving alone and carpooling indicate a relatively convenient location for renters, which could support demand for rental properties.
What are the implications of the city's income inequality and homeownership rate for real estate investors?
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The GINI coefficient of 0.541, indicating moderate income inequality, and a homeownership rate of 37.3%, suggest that there may be a sizable rental market, particularly among lower- and middle-income households, which could present opportunities for investors in rental properties, especially in a city with a median property value of $196,300.
How does the foreign-born rate and education level impact the quality of tenants in Providence?
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The foreign-born rate of 24.9% and education levels, with 73.4% high school graduation rate and 27.8% holding a Bachelor's degree or higher, suggest a diverse and relatively educated tenant pool, which could contribute to a stable rental market, especially when combined with the city's health insurance coverage rate of 89.0%.
What role do property taxes and the employed population play in the attractiveness of Providence for real estate investment?
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The median property taxes of $21,821, although significant, are balanced by an employed population of 78,438 and top industries that contribute to economic stability, making Providence an attractive location for real estate investment, particularly for those looking to capitalize on the city's diverse economy and relatively stable rental market.
Providence RI Real Estate & City Facts
Key facts and real estate information about Providence RI.
What are some of the best neighborhoods to live in Providence?
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Some of the best neighborhoods to live in Providence include Hope, Blackstone, Fox Point, Summit, Hope Village, Wayland, Elmhurst, Manton, Mount Hope, Reservoir, and South Elmwood. Each neighborhood has its own unique character, with some offering a more relaxed and walkable atmosphere, while others provide easy access to restaurants and cafes.
What are some fun things to do in Providence?
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There are plenty of fun things to do in Providence, including visiting the RISD Museum, taking a historic narrated boat tour, exploring the Providence Performing Arts Center, and checking out the Federal Hill neighborhood. You can also take a ghost tour, visit the Brown University campus, or catch a show at the Trinity Repertory Company. Additionally, the city has a variety of parks and green spaces, such as the Providence River Greenway, where you can walk, bike, or have a picnic.
What is the food scene like in Providence?
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The food scene in Providence is vibrant and diverse, with a range of restaurants serving everything from traditional Italian cuisine to modern American fare. Some popular spots include Al Forno, Frank & Laurie's, and Hemenway's. There are also plenty of great food trucks and casual eateries throughout the city, offering everything from tacos to lobster rolls. And, of course, no visit to Providence would be complete without trying some of the city's famous seafood, particularly the clam chowder and lobster bisque.
What are the pros and cons of living in Providence?
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The pros of living in Providence include its vibrant arts and culture scene, its historic neighborhoods, and its proximity to Boston and other major cities. However, some cons include the city's high cost of living, particularly when it comes to housing, and its limited job opportunities in certain industries. Additionally, the city's streets can be narrow and winding, which can make navigation challenging for some drivers. Overall, though, Providence is a great place to live for those who value a rich cultural experience and a strong sense of community.
Is Providence a good place to live?
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Providence is a great place to live for those who value a vibrant arts and culture scene, historic neighborhoods, and a strong sense of community. While it may have some drawbacks, such as a high cost of living and limited job opportunities in certain industries, the city's many advantages make it an attractive option for many people. From its beautiful parks and green spaces to its diverse range of restaurants and cultural attractions, Providence has something to offer everyone. So, if you're looking for a city that is full of life and energy, Providence is definitely worth considering.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Providence RI Commercial Property: $37,632
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
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⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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