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    1538 Smith St North Providence, RI 02911

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    For Sale
    $550,000

    Mixed-use building with a 40-year-old operating restaurant for sale.

    Property size:
    4,140 SF
    Lot size:
    0.07 Acres

    Property Features for 1538 Smith St

    General Information

    Size
    4,140 SF
    Lot size
    0.07 Acres

    Source: Coldwell Banker Realty | Franklin/Cumberland Agent Ann Foncellino

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building and Turnkey Restaurant

    This well-maintained mixed-use building is available for sale, featuring a turnkey restaurant business. Situated on a corner lot, the property has undergone numerous upgrades, including a newer heating system, electrical system, roof, windows, and vinyl siding. The restaurant has been in operation for 40 years, accommodating 50 seats and possessing a liquor license. All kitchen equipment, tables, and chairs are included in the sale. The building comprises one commercial unit and two residential units, generating a rental income of $4200 per month. Recent upgrades include appliances, kitchens, flooring, the roof, and windows. The property spans 4140 square feet. Ideal for an owner-operator or investor, potential uses extend to a convenience store, retail space, food service establishment, or office. Owner financing is available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4626008
    Latitude
    41.8504316

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    FAQs

    What type of property is this?
    Turn key restaurant - Mixed-use building with a 40-year-old operating restaurant for sale.
    Where is this turn key restaurant located?
    The property is located at 1538 Smith St North Providence, RI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Established turn-key restaurant business (40 years) with liquor license; - Significant rental income: $4200 per month; - Recent major upgrades: **roof, windows, heat, electric, and siding**
    (401) 487-6001
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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
    1538 Smith St North Providence, RI 02911
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