Home Economy Real Estate Capstone lists 6 commercial properties for sale in East Providence

Capstone lists 6 commercial properties for sale in East Providence

THIS SITE MAP shows the six contiguous commercial properties in the Rumford section of East Providence listed for sale by Capstone Properties. / COURTESY CAPSTONE PROPERTIES
THIS SITE MAP shows the six contiguous commercial properties in the Rumford section of East Providence listed for sale by Capstone Properties. / COURTESY CAPSTONE PROPERTIES

EAST PROVIDENCE – Six contiguous properties in the Rumford section of East Providence are listed for sale with Providence-based Capstone Properties, covering nearly 2 acres.

The commercial properties are clustered around 225 Newman Ave., which is a three-story, medical services building that has tenants including physicians, therapists and counselors.

A second property is at 237 Newman Ave., home to Crugnale Bakery, an Italian bakery.

Remaining properties are at 1160 Pawtucket Ave., 1240 Pawtucket Ave., 1246 Pawtucket Ave. and 1254 Pawtucket Ave.

The commercial properties have tenants and produce about $595,248 annually in gross income, according to the listing, which is advertising the package as a mixed-use sale and an investment opportunity.

The properties have a combined assessed value of $3.3 million, according to online property records.

Mary MacDonald is a staff writer for the PBN. Contact her at macdonald@pbn.com.

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