Retail Space Expansion
For Sale
Contact for pricing
2026 Smith ST Smith Street, North Providence, RI 02911
Retail space with expansion potential for apartments or offices.
Property Size8,000 SF
Price / SF$231.25
Days on Market956
Property Features for 2026 Smith ST Smith Street
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
30
Property subtype
Land, Mixed Use, Retail, Hospitality, Office
Building Details
Year Built
1951
Buildings
1
Units
1
Listing Agency:
RE/MAX Properties
Listed By:
Karl Martone · License #REB.0013618
(401) 232-3900
Source:
Crexi
Added: Feb 22, 2024
Changed: Sep 20
Last Checked: Oct 4 at 9:13AM
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 RE/MAX Properties
Investment Insights
Based on property information with market context.
This property features over 8,000 square feet of retail space in a prime location, offering significant expansion possibilities. A potential second level development could accommodate apartments, office space, or additional retail areas. The property includes parking. The current business operating on the premises is available for separate purchase. The property's location and existing retail space provide a foundation for future development.
Key Highlights
- Prime location
- Tremendous expansion possibilities
- Over 8,000 sq ft of retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,500
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,000
$1.9M
Cap Rate 7%
$1,350,000
$1.4M
Cap Rate 9%
$1,050,000
$1.1M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$168.0K $21.00/SF
− Vacancy
−$16.8K −$2.10/SF
EGI
$151.2K $18.90/SF
− OpEx
−$56.7K −$7.09/SF
NOI
$94.5K $11.81/SF
Area
Providence County, RI
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,000
Cap Rate 7%
$1,350,000
Cap Rate 9%
$1,050,000
Alternative Uses
Best Use
Mixed Use
$1.35M
$1.18M – $1.58M
NOI $94,500 @ 7.0% cap · market cap 5.11%
Second Best
Retail
$1.29M
$1.13M – $1.51M
NOI $90,317 @ 7.0% cap · market cap 4.88%
Theoretical Best
Multifamily LT 5
$1.90M
$1.67M – $2.22M
NOI $133,204 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
McDonald's
Dining
21,001 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,358 visits/mo
0.1 miles
Dollar General
Shops & Services
8,506 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
8,136 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
1,102 visits/mo
0.5 miles
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with expansion potential for apartments or offices.
Where is this retail space located?
The property is located at 2026 Smith ST Smith Street North Providence, RI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Prime location; Tremendous expansion possibilities; Over 8,000 sq ft of retail space
