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    400 Newport Ave East Providence, RI 02916

    Sponsored
    For Lease
    Contact for pricing

    1.8-Acre Commercial Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.8-acre commercial land parcel presents a remarkable development opportunity in the desirable East Providence, Rhode Island, location. Situated at 400 Newport Ave, zip code 02916, this single-tenant property offers unparalleled potential for a variety of commercial ventures. The expansive lot size provides ample space for new construction, allowing for significant flexibility in design and functionality. Its convenient location within Providence County ensures easy access to major transportation routes, enhancing its appeal to businesses seeking a strategic location. The property is designated as commercial land and is available for sale or lease, making it an attractive option for both developers and businesses seeking to establish a presence in this thriving area. The site's zoning and potential uses should be verified independently with the relevant authorities. This is a rare opportunity to acquire a substantial piece of land in a prime location, ideal for those seeking to capitalize on the growing commercial landscape of East Providence. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is located at 41.8494722 latitude and -71.3538885 longitude. This is a single-tenant property.

    Property Features for 400 Newport Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available space 1
    Size
    0 SF

    HighLights

    • 1.8‑acre site
    • High‑traffic location with 15,628 Average Daily Traffic (ADT) on Newport Avenue
    • Redevelopment opportunity available for sale or lease
    Property Profile Location Intelligence

    Current Use by Public Records

    Rumford Motor Inn Motel

    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
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3538885
    Latitude
    41.8494722

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    FAQs

    What type of property is this?
    Land - 1.8-Acre Commercial Development Site
    Where is this land located?
    The property is located at 400 Newport Ave East Providence, RI.
    What are key features of this property?
    This property features: 1.8-acre site; High-traffic location with 15,628 Average Daily Traffic (ADT) on Newport Avenue; Redevelopment opportunity available for sale or lease
    Request Owner's contact information
    400 Newport Ave East Providence, RI 02916
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    East Providence, RI 02916
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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
    400 Newport Ave East Providence, RI 02916
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