Six-Unit Brick Retail
6-570 Smithfield Ave, Pawtucket, RI 02860
For Sale
$999,900
Brick retail center with two available spaces, including one with restaurant kitchen and dining improvements.
Property Size7,380 SF
Price / SF$135.49
Days on Market59
Property Features for 6-570 Smithfield Ave
General Information
Standard status
Size
Occupancy
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Construction
Tenancy
Listing Agency:
Coldwell Banker Realty
(401) 333-0010
Listed By:
Beatriz Giron
(401) 263-2840
Source:
Exprealty
Added: Sep 10
Changed: Oct 26
Last Checked: Nov 6 at 2:39PM
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 Coldwell Banker Realty
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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 six-unit retail center at 6-570 Smithfield Ave includes a classic brick exterior and large storefront windows. Four of the six commercial spaces are occupied, while two are available for new users. One vacant suite includes kitchen facilities and a dining area from its prior restaurant operation; the other is positioned for a café, bakery, or comparable retail concept.
The property is near a train station and provides access to Routes 95 and 146. Its configuration supports multiple commercial occupants within a single building, with existing rental occupancy and specialized improvements in one available space.
The property is near a train station and provides access to Routes 95 and 146. Its configuration supports multiple commercial occupants within a single building, with existing rental occupancy and specialized improvements in one available space.
Key Highlights
- 6‑unit commercial building with 7,380 square feet
- Four of six commercial spaces are occupied
- Two available spaces, including one with kitchen facilities and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,317
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,666,340
$1.7M
Cap Rate 7%
$1,190,243
$1.2M
Cap Rate 9%
$925,744
$925.7K
Market Conditions
NOI Build-Up for 7,380 SF
Gross rent
$132.8K $18.00/SF
− Vacancy
−$13.8K −$1.87/SF
EGI
$119.0K $16.13/SF
− OpEx
−$35.7K −$4.84/SF
NOI
$83.3K $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%
$1,666,340
Cap Rate 7%
$1,190,243
Cap Rate 9%
$925,744
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,317 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $122,881 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
66.7%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Dunkin' Donuts
Dining
13,605 visits/mo
0.3 miles
Speedway
Shops & Services
12,135 visits/mo
0.3 miles
Burger King
Dining
11,763 visits/mo
0.2 miles
Citgo
Shops & Services
6,209 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
632 visits/mo
0.4 miles
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Brick retail center with two available spaces, including one with restaurant kitchen and dining improvements.
Where is this strip mall located?
The property is located at 6-570 Smithfield Ave Pawtucket, RI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 6‑unit commercial building with 7,380 square feet; Four of six commercial spaces are occupied; Two available spaces, including one with kitchen facilities and dining area
