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Property profile

1951-1967 Mineral Spring Ave North Providence, RI 02904

OFF-MARKET
Retail properties & Spaces
126,304 SF 2.9 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 126,304 SF
Lot 2.9 ac (126,324 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1951-1967 Mineral Spring Ave North Providence, RI 02904
North Providence metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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