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    1951-1967 Mineral Spring Ave North Providence, RI 02904

    Sponsored
    For Sale
    $2,495,000

    Prime 3-acre development site, high traffic.

    Property size:
    126,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 3-acre commercial property, located at 1951-1967 Mineral Spring Avenue in North Providence, Rhode Island (zip code 02904), presents a unique investment opportunity. Boasting a substantial 126,304 square feet, this site is zoned for Commercial General use and offers unparalleled access with frontage on Mineral Spring Avenue and access from three additional streets. The property benefits from a highly desirable location surrounded by established national and local retailers, offices, and residential neighborhoods, ensuring strong visibility and potential for high foot traffic. The site enjoys a strategic position at a traffic light on Mineral Spring Avenue, experiencing a significant daily traffic count of 24,000 vehicles. All utilities are readily available, making development seamless. The 268-foot frontage on Mineral Spring Avenue provides ample space for various commercial ventures. This property is offered for sale or ground lease, providing flexibility for potential buyers or lessees. This prime location and substantial size make this an ideal site for a variety of commercial developments. The property's strategic location and high traffic volume make it an exceptional investment opportunity in a thriving Rhode Island community.

    Property Features for 1951-1967 Mineral Spring Ave

    General Information

    Property type
    Land
    Square Feet
    126,304 SF
    Lot Size
    126,324 SF

    HighLights

    • 3‑acre development site.
    • All utilities available.
    • Sale or ground lease options available.
    • Four‑sided access.
    • 268 feet of frontage on Mineral Spring Avenue.
    • Commercial Planned Development (CPD) zoning: 24,000 square feet.
    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
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4699585
    Latitude
    41.8602461

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    FAQs

    What type of property is this?
    Land - Prime 3-acre development site, high traffic.
    Where is this land located?
    The property is located at 1951-1967 Mineral Spring Ave North Providence, RI.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: 3-acre development site.; All utilities available.; Sale or ground lease options available.
    Request Owner's contact information
    1951-1967 Mineral Spring Ave North Providence, RI 02904
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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
    1951-1967 Mineral Spring Ave North Providence, RI 02904
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