East Providence Commercial Building For
For Sale
$399,900
47 John St, East Providence, RI 02914
2,100 sq. ft. commercial building in Taunton Avenue Business District.
Property Size2,100 SF
Price / SF$190.43
Days on Market188
Property Features for 47 John St
General Information
Standard status
Active
Size
2,100 SF
Building Details
Year Built
1960
Listing Agency:
Spitz-Weiss, REALTORS
Listed By:
Sam Glicksman · License #REB.0016154
(401) 480-0852
Source:
Alpernandmesenbourg
Added: Apr 25
Changed: Oct 25
Last Checked: Oct 7 at 3:32PM
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 Spitz-Weiss, REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,100 sq. ft. single-story commercial building is located in the heart of East Providence's Taunton Avenue Business District. The property features three oversized garage doors and a fenced-in yard. It is zoned C-3 Mixed Use, offering possibilities such as live/work space, retail, studio or theater, house of worship, medical or veterinary practice, kennel, tattoo studio, food establishment, fitness center, preschool, brewery, cigar lounge, and storage. The property is located with quick access to Route 195 and is surrounded by a mix of shops, restaurants, offices, and residential neighborhoods. Currently operating as an auto repair facility, the space is suited for entrepreneurs, investors, or expanding businesses looking to be part of East Providence's thriving commercial corridor. All equipment, including the lifts, are tenant-owned and will be removed.
Key Highlights
- Prime location in the heart of East Providence's Taunton Avenue Business District.
- 2,100 sq. ft. single‑story commercial building.
- Zoned C‑3 Mixed Use, allowing for a wide range of business operations and development possibilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,708
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,160
$474.2K
Cap Rate 7%
$338,686
$338.7K
Cap Rate 9%
$263,422
$263.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$37.8K $18.00/SF
− Vacancy
−$3.9K −$1.87/SF
EGI
$33.9K $16.13/SF
− OpEx
−$10.2K −$4.84/SF
NOI
$23.7K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,160
Cap Rate 7%
$338,686
Cap Rate 9%
$263,422
Alternative Uses
Best Use
Retail
$338.7K
$296.4K – $395.1K
NOI $23,708 @ 7.0% cap · market cap 5.93%
Second Best
Industrial
$156.6K
$137.0K – $182.7K
NOI $10,959 @ 7.0% cap · market cap 2.74%
Theoretical Best
Multifamily LT 5
$499.5K
$437.1K – $582.8K
NOI $34,966 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
6,676 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,376 visits/mo
0.1 miles
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Caitos Auto & Boat Top LLC — 2403 Pawtucket Ave, East Providence, RI 02914
- Home, Bow Tech Auto — 1104 S Broadway, East Providence, RI 02914
- Vally Auto Service & Towing — 517 Warren Ave, East Providence, RI 02914
- Vally Auto And Towing — 517 Warren Ave, East Providence, RI 02914
- Sung Towing — 517 Warren Ave, East Providence, RI 02914
Frequently Asked Questions
What type of property is this?
Auto shop - 2,100 sq. ft. commercial building in Taunton Avenue Business District.
Where is this auto shop located?
The property is located at 47 John St East Providence, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime location in the heart of East Providence's Taunton Avenue Business District.; 2,100 sq. ft. single‑story commercial building.; Zoned C‑3 Mixed Use, allowing for a wide range of business operations and development possibilities.
