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Fully Leased Gas Station
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414-422 Smithfield Avenue, Providence, RI 02904

Fully leased BP gas station at a signalized intersection with three double-wall fiberglass fuel tanks.

Property SizeContact for details
Lot Size0.50 Acres
Days on Market123

Property Features for 414-422 Smithfield Avenue

General Information

Standard status Active
Lot size 0.50 Acres
Property subtype Retail
Occupancy 100%
Listing Agency: Conway Commercial Group
Listed By: Jim Conway · License #RI REB.0015809
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 12:50AM

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 Conway Commercial Group

Investment Insights

Based on property information with market context.

This offering is a fully leased BP gas station presented as a real estate sale only, excluding any inventory or store contents. The site is leased under a long-term arrangement (lease attached), and the tenant pays all operating expenses except property taxes. The lease also provides for the tenant to pay all property tax increases above a base amount.

The property is located at a signalized intersection on Smithfield Avenue and consists of two lots totaling approximately 0.50 acres. Fuel storage includes one 8,000-gallon and two 6,000-gallon double-wall fiberglass tanks.

The seller has provided total assessed value for both properties and current property taxes in the remarks. Please note that the business operations are privately owned and are not included in this sale.

Key Highlights

  • Fully leased BP gas station at a signalized intersection on Smithfield Avenue
  • Long‑term lease in place; $90,000 annual revenue (lease attached)
  • Tenant pays all expenses except property taxes; also covers property tax increases above base

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm HVAC Service Cafe & Coffee Shop Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,531
Businesses Nearby
137k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 38% Apparel 4% Home Improvements & Furnishings 1%
Ocean State Job Lot Shops & Services
21,921 visits/mo 0.4 miles
Dollar Tree Shops & Services
18,185 visits/mo 0.5 miles
Chili's Grill & Bar Dining
16,493 visits/mo 0.3 miles
Dunkin' Donuts Dining
13,605 visits/mo 0.1 miles
Speedway Shops & Services
12,135 visits/mo 0.1 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

Market

Vacancy Rate% for Retail in Providence, RI

8.5% 2019
8.8% 2020
7.9% 2021
6.2% 2022
6% 2023
5% 2024
6.7% 2025
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Frequently Asked Questions

What type of property is this?
Gas station - Fully leased BP gas station at a signalized intersection with three double-wall fiberglass fuel tanks.
Where is this gas station located?
The property is located at 414-422 Smithfield Avenue Providence, RI.
What are key features of this property?
This property features: Fully leased BP gas station at a signalized intersection on Smithfield Avenue; Long‑term lease in place; $90,000 annual revenue (lease attached); Tenant pays all expenses except property taxes; also covers property tax increases above base
(401) 447-6062 Call to check price and availability
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