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    Land

    1003 Victory Hwy Victory Hwy, North Smithfield, RI 02896

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    Property summary
    AI-generated overview

    This exceptional .62-acre land parcel, located at 1003 Victory Highway in North Smithfield, Rhode Island, presents a unique investment opportunity. Boasting 27,007 square feet, this property enjoys a high-traffic, high-visibility location in a business zoning district. Its strategic position offers convenient access to Route 146, placing it just 25 miles from Providence and a 30-minute drive from Worcester, Massachusetts. The area is vibrant, with numerous retail shops, restaurants, banks, gas stations, and recreational facilities nearby. A significant advantage is the presence of a sewer lateral in the street, with the sewer assessment already paid. This eliminates a considerable hurdle in development planning. The property is being offered at $239,000. Prospective buyers are responsible for conducting their own due diligence to verify all aspects of the property and its suitability for their intended use. The zip code is 02896. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area of Northern Rhode Island. The property's size and location make it ideal for a variety of commercial ventures.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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