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    1942 Smith St North Providence, RI 02911

    Sponsored
    For Sale
    $750,000

    Restaurant, 2 residential units, high income.

    Property size:
    2,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 1942 Smith Street, North Providence, Rhode Island, presents a lucrative investment opportunity. The 4,486 square foot lot encompasses two buildings totaling 2,700 square feet, built in 1898 and recently renovated. One building houses an established restaurant complete with a full commercial kitchen, hostess area, spacious dining area, full bar, and two bathrooms. Attached is a charming one-bedroom, one-bathroom residential unit with a kitchen. A separate carriage house, located at the rear of the property, includes a one-car garage, a large bedroom, a renovated kitchen with ample cabinetry, and a living room. This second residential unit also boasts recently refinished flooring and an updated kitchen. The property's three units generate substantial rental income, making it an ideal investment for discerning buyers seeking a blend of commercial and residential revenue streams. The property is situated in North Providence, RI, zip code 02911, offering convenient access to local amenities and transportation. This turnkey operation is ready for a new owner to continue its success. The asking price is $750,000.

    Property Features for 1942 Smith St

    General Information

    Property type
    Restaurants
    Square Feet
    2,700 SF

    Building Details

    Year Built
    1898
    Buildings
    2
    Units
    3

    HighLights

    • Asking Price: $750,000
    • Mixed‑use property with 2,700 square feet on a 4,486 square foot lot in North Providence, RI
    • Three units: one restaurant with full commercial kitchen and bar, and two residential units (one in main building, one in carriage house)
    • Two buildings on the property, built in 1898
    • Located at 1942 Smith Street, North Providence, RI 02911
    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
    -71.4811814
    Latitude
    41.8562823

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    FAQs

    What type of property is this?
    Restaurant - Restaurant, 2 residential units, high income.
    Where is this restaurant located?
    The property is located at 1942 Smith St North Providence, RI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Asking Price: $750,000; Mixed-use property with 2,700 square feet on a 4,486 square foot lot in North Providence, RI; Three units: one restaurant with full commercial kitchen and bar, and two residential units (one in main building, one in carriage house)
    Request Owner's contact information
    1942 Smith St North Providence, RI 02911
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    North Providence, RI 02911
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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
    1942 Smith St North Providence, RI 02911
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