1003 Victory Hwy Victory Hwy, North Smithfield, RI 02896
This exceptional offering presents a unique opportunity to acquire two parcels totaling 15.62 acres in desirable North Smithfield, Rhode Island. The main parcel, located at 1003 Victory Highway, encompasses 0.62 acres (27,007 sq ft) of commercially zoned land boasting high traffic and visibility in the Slaterville area. Its strategic location provides convenient access to Route 146, placing it within 25 miles of Providence and a 30-minute drive from Worcester. The property benefits from its proximity to a variety of amenities, including retail shops, restaurants, banks, gas stations, and recreational facilities. Public sewer is readily available, with a sewer lateral already in the street and the sewer assessment paid in full. A comprehensive survey and wetlands report are available for review. Included in this sale is a second, 15-acre residential lot situated on Buxton Street (Map 001-Lot 44), offering added versatility and potential. This quiet side street location complements the high-profile commercial lot. Recent zoning changes have broadened the potential uses for the Victory Highway lot, potentially including residential development. Furthermore, additional frontage can be obtained from the Buxton Street lot via a strip of abutting land. This combined offering presents a compelling investment opportunity, uniting a prime commercial location with significant residential acreage. The asking price for both parcels is $375,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.