Property profile

41 Smithfield Rd North Providence, RI 02904

OFF-MARKET
Retail properties & Spaces
112,494 SF Built 1965
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Property summary

AI-generated overview

North Providence Marketplace offers exceptional retail space in a thriving Providence County location. This 112,494 square foot, grocery-anchored shopping center boasts a prime location in a densely populated area near two college campuses, ensuring high foot traffic and strong consumer base. Built in 1965 and renovated in 1994, the property features a mix of established tenants, including Shaw's Supermarket, Dollar Tree, and Rainbow, providing a stable and attractive environment for new businesses. Multiple spaces are available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,975 square feet, offering flexibility for various retail concepts. Currently, 8,175 square feet of space is vacant, presenting a unique opportunity for expansion or new tenancy within this well-established center. Its strategic location within the Providence Metro Area, combined with its strong anchor tenants and established customer base, makes North Providence Marketplace an ideal investment for discerning retailers seeking a high-traffic, well-positioned property. The property's history of success, coupled with its convenient location and ample space options, makes it a compelling opportunity for growth and profitability.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1965
Total area 112,494 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Medical Clinic

Location

41 Smithfield Rd North Providence, RI 02904
North Providence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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