1058 Charles Street North Providence, RI 02904
COMMERCIAL - North Providence, RI
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 6:06 pm
Property Features for 1058 Charles Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Rooms
- Basement
- Parking
- 50
- Security features
- Security System
- Interior features
- Ceiling Height (9 to 12 Ft)
- Basement
- Full
- Standard status
- Active
- Size
- 7,593 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15665
Utilities
- Heating system
- Central, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Masonry
Listing agent Michelle Savastano (401) 255-5530
Listing office Broadway Real Estate Group 335 Broadway, Providence, RI (401) 354-7969
Listing date Jul 9, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The property is located at the corner of Charles Street and Mineral Spring Avenue and is offered as five separate lots (Assessor's Plat 2/Lot Nos. 247, 249, 250, 262, and 264). Two additional lots across the street are currently utilized for parking.
Additional flexibility is available in how the lots are purchased, and the property may be purchased as a complete package or with or without lots 247/264. Please refer to the separate MLS listing for the lots only.
Key Highlights
- Mixed‑use property built in 1946 with masonry construction, central heating, and central air
- Corner location on Charles Street and Mineral Spring Avenue with five separate lots listed on Assessor's Plat 2 (Lots 247, 249, 250, 262, 264)
- Fully built out restaurant with full commercial kitchen, included equipment, and a brand new keg system
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.7k | $18.00 |
| − Vacancy | −$14.1k | −$1.85 |
| EGI | $122.6k | $16.15 |
| − OpEx | −$30.7k | −$4.04 |
| NOI | $92.0k | $12.11 |
