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    1041 Douglas Ave Providence, RI 02904

    For Sale
    $1,195,000

    COMMERCIAL - Providence, RI

    Lot size:
    0.46 Acres
    Days on Market:
    91
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 1041 Douglas Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C2
    Rooms
    Basement
    Parking
    18
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    5

    Lila Delman Compass

    Listing agent The Local Group (401) 363-3710

    Listing date Sep 14, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity, Providence

    This mixed-use property, located on a busy intersection in Providence, Rhode Island, presents an investment opportunity with high visibility. The property includes three residential units and two independent restaurants, all of which are fully leased. The site has a total land area of nearly 20,000 square feet and features an attached parking lot. The property has a newer roof and updated mechanical systems. Additionally, a separate 10,000 square foot lot is included and may be sub-divisible. Zoned C-2, the property allows for a variety of permitted uses, including the potential for drive-through service.
    Location Intelligence

    Current Use by Public Records

    Tomato City Pizza Pizza Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.440651
    Latitude
    41.855257

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with development potential in Providence, RI.
    Where is this mixed-use property located?
    The property is located at 1041 Douglas Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - High-visibility location at a busy intersection, ideal for commercial tenants.; - Substantial land area: Nearly 20,000 sqf with an additional 10,000 sqf lot included.; - Fully leased property with 3 residential units and 2 independent restaurants, providing immediate income.
    (401) 363-3710
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1041 Douglas Ave Providence, RI 02904
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