Recovery House with 24-Bed
For Sale
$1,620,000
1373 Smith Street, North Providence, RI 02911
Recovery house offering 11 bedrooms, multiple common areas, and 4 full bathrooms, including one ADA-accessible unit.
Property Size4,559 SF
Price / SF$355.34
Days on Market108
Property Features for 1373 Smith Street
General Information
Standard status
Active
Size
4,559 SF
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
JMR Commercial RE Services
Listed By:
J. Murray Regan
(617) 696-6100
Source:
Kelleyrege
Added: May 22
Changed: Sep 5
Last Checked: Sep 5 at 8:51AM
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 JMR Commercial RE Services
Investment Insights
Based on property information with market context.
The property is a 4,559 SF recovery house designed to support residential recovery programming, with 11 bedrooms, 4 full bathrooms (including one ADA-accessible bathroom), a full kitchen, two common/dining areas, an office, and a sunroom. The facility has a service capacity of 24 beds. Renovation work totaling $290,800 was completed in 2024.
The property is located on a major route near Providence, providing central access to major linkages, interstate highways, public transportation, retail, services, and municipal facilities.
The asset is subject to a 20-year lease that began in August 2023, with a current payment of $145,800 treated as an operating expense. The transaction is identified as suitable for a 1031 exchange buyer.
The property is located on a major route near Providence, providing central access to major linkages, interstate highways, public transportation, retail, services, and municipal facilities.
The asset is subject to a 20-year lease that began in August 2023, with a current payment of $145,800 treated as an operating expense. The transaction is identified as suitable for a 1031 exchange buyer.
Key Highlights
- 4,559 SF recovery house built in 1930 with 11 bedrooms and service capacity for 24 beds
- 4 full bathrooms total, including 1 ADA‑accessible bathroom
- Renovation completed in 2024 with $290,800 renovation cost
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Recovery house offering 11 bedrooms, multiple common areas, and 4 full bathrooms, including one ADA-accessible unit.
Where is this rehabilitation center located?
The property is located at 1373 Smith Street North Providence, RI.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: 4,559 SF recovery house built in 1930 with 11 bedrooms and service capacity for 24 beds; 4 full bathrooms total, including 1 ADA‑accessible bathroom; Renovation completed in 2024 with $290,800 renovation cost
