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    56 Pleasant View Ave Smithfield, RI 02828

    Sponsored
    For Sale
    $849,000

    Versatile Colonial, Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2-story colonial at 56 Pleasant View Avenue, Smithfield, RI 02828, presents a unique investment opportunity. Boasting a substantial 20,038 square foot lot, the property offers over 3,000 square feet of living space, perfectly suited for both residential and commercial uses. The 1986-built structure features six bedrooms and five and a half bathrooms, along with two full kitchens and two kitchenettes, providing ample space for a large family or multiple rental units. Two walk-out lower-level units, each with a private entrance, offer further flexibility for multigenerational living or a bed and breakfast (permits pending). Five separate living spaces ensure maximum privacy. Interior features include a spacious 650 square foot formal living room with a marble gas fireplace, built-ins, updated plumbing and electric, a new oil burner, a 280-gallon oil tank, and six heating zones. Exterior amenities include a 500-square-foot deck overlooking protected forestland, a new six-foot fence, and ample parking. A 2023 Certificate of Occupancy has been issued. Conveniently located five miles from Providence, near Route 295 and the Smithfield School System, this property offers significant income potential and is priced at $849,000.

    Property Features for 56 Pleasant View Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional 2‑story colonial investment opportunity in Smithfield, RI.
    • 20,038 sq ft lot with over 3,000 sq ft of living space, suitable for residential or commercial use.
    • Six bedrooms, five and a half baths, two full kitchens, and two kitchenettes.
    • Two walk‑out lower‑level units with private entrances (permits pending for B&B).
    • Spacious living room (650 sq ft), updated plumbing and electric, new oil burner, six heating zones.
    • 500 sq ft deck, new six‑foot fence, ample parking, and a 2023 Certificate of Occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5458703
    Latitude
    41.8773331

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    FAQs

    What type of property is this?
    Office Property / Space - Versatile Colonial, Huge Potential
    Where is this office property / space located?
    The property is located at 56 Pleasant View Ave Smithfield, RI.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Exceptional 2-story colonial investment opportunity in Smithfield, RI.; 20,038 sq ft lot with over 3,000 sq ft of living space, suitable for residential or commercial use.; Six bedrooms, five and a half baths, two full kitchens, and two kitchenettes.
    Request Owner's contact information
    56 Pleasant View Ave Smithfield, RI 02828
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    Smithfield, RI 02828
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    56 Pleasant View Ave Smithfield, RI 02828
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