Mixed-Use Property with
For Sale
$1,600,000
1058 Charles St, North Providence, RI 02904
Includes restaurant, retail, residential, parking, and basement components within one assembled commercial offering.
Property Size7,593 SF
Price / SF$210.72
Days on Market61
Property Features for 1058 Charles St
General Information
Standard status
Active
Size
7,593 SF
Additional Details
Corner Location
Yes
Equipment Included
Yes
Amenities
full commercial kitchen
brand new keg system
full basement
Building Details
Year Built
1946
Listing Agency:
Broadway Real Estate Group
Listed By:
Michelle Savastano · License #REB.0016954
(401) 255-5530
Source:
Alpernandmesenbourg
Added: Aug 15
Changed: Sep 30
Last Checked: Oct 13 at 1:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Broadway Real Estate Group
Investment Insights
Based on property information with market context.
This mixed-use property combines a fully built-out restaurant, a retail storefront, and two residential units within a 7,593-square-foot offering. The restaurant includes a full commercial kitchen, operating equipment, and a brand-new keg system. A full basement provides additional storage and operational space.
The offering consists of five separate lots identified as Assessor's Plat 2/Lot Nos. 247, 249, 250, 262, and 264. Two lots positioned across the street are currently used for parking. The property is located at the corner of Charles Street and Mineral Spring Avenue in North Providence, with the address at 1058 Charles St. The complete package may be purchased together or structured with or without lots 247 and 264.
The offering consists of five separate lots identified as Assessor's Plat 2/Lot Nos. 247, 249, 250, 262, and 264. Two lots positioned across the street are currently used for parking. The property is located at the corner of Charles Street and Mineral Spring Avenue in North Providence, with the address at 1058 Charles St. The complete package may be purchased together or structured with or without lots 247 and 264.
Key Highlights
- 7,593‑square‑foot mixed‑use property with restaurant, retail storefront, and two residential units
- Fully built‑out restaurant with full commercial kitchen and operating equipment
- Brand‑new keg system included with the restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,338
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,006,760
$2.0M
Cap Rate 7%
$1,433,400
$1.4M
Cap Rate 9%
$1,114,867
$1.1M
Market Conditions
NOI Build-Up for 7,593 SF
Gross rent
$194.1K $25.56/SF
− Vacancy
−$11.6K −$1.53/SF
EGI
$182.4K $24.03/SF
− OpEx
−$82.1K −$10.81/SF
NOI
$100.3K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,006,760
Cap Rate 7%
$1,433,400
Cap Rate 9%
$1,114,867
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,338 @ 7.0% cap · market cap 6.27%
Second Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,968 @ 7.0% cap · market cap 5.75%
Theoretical Best
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,427 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Dollar Tree
Shops & Services
20,931 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
18,873 visits/mo
0.1 miles
Shell
Shops & Services
12,105 visits/mo
0.2 miles
El Charro
Dining
8,111 visits/mo
0.2 miles
Citizens Bank
Shops & Services
5,175 visits/mo
0.2 miles
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes restaurant, retail, residential, parking, and basement components within one assembled commercial offering.
Where is this mixed-use property located?
The property is located at 1058 Charles St North Providence, RI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7,593‑square‑foot mixed‑use property with restaurant, retail storefront, and two residential units; Fully built‑out restaurant with full commercial kitchen and operating equipment; Brand‑new keg system included with the restaurant
