East Providence Commercial Building For
47 John Street East Providence, RI 02914
For Sale
$399,900
2,100 sq. ft. commercial building in Taunton Avenue Business District.
Property Size2,100 SF
Price / SF$190.43
Days on Market141
Property Features for 47 John Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
Spitz-Weiss, REALTORS
(401) 480-0852
Listed By:
Sam Glicksman
(401) 480-0852
Source:
Liongatere
Added: Mar 12
Changed: Jul 10
Last Checked: Jul 29 at 12:53PM
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
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 For Office B
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 | $42.1k | $20.04 |
| − Vacancy | −$5.9k | −$2.81 |
| EGI | $36.2k | $17.23 |
| − OpEx | −$9.0k | −$4.31 |
| NOI | $27.1k | $12.93 |
2,100 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$387.8K
$339.3K – $452.4K
NOI $27,144 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$354.4K
$310.1K – $413.4K
NOI $24,806 @ 7.0% cap · market cap 6.20%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Home, Bow Tech Auto — 1104 S Broadway, East Providence, RI 02914
- Vally Auto Service & Towing — 517 Warren Ave, East Providence, RI 02914
- Sung Towing — 517 Warren Ave, East Providence, RI 02914
- Caitos Auto & Boat Top LLC — 2403 Pawtucket Ave, East Providence, RI 02914
- Vally Auto And 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 Street 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.
