1158 North Providence, RI 02904
- Specialty properties
- 21,304 SF
Current Use by Public Records
- Specialty properties
Property Details for 0 1158
- Year built
- 1900
- Property size
- 21,304 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
Exceptional investment opportunity in North Providence, RI, presenting a lucrative blend of residential and commercial income streams. This expansive 26,303 sq ft property encompasses five buildings totaling 21,304 sq ft, including two three-family homes and multiple commercial units currently generating rental income. The residential units, each boasting full kitchens, pantry nooks, and basement washer/dryer hookups, are fully occupied. The commercial spaces, currently utilized for retail and studio purposes, are also fully leased. Two additional, decommissioned two-bedroom apartments offer significant upside potential for increased rental income. Conveniently located near US-1, Miriam Hospital, and Brown University, this property benefits from high visibility and accessibility, further enhanced by its prominent Shepard Fairey billboard. The property also includes an ample overflow parking lot and detached garages, providing additional revenue streams. The assessed value reflects the combined value of 1158, 1166, 1172 N Main and 81 Nashua Street. Detailed unit information, approximate square footage, and financial data are available upon request. This unique offering presents a rare chance to acquire a well-established, high-performing mixed-use portfolio in a desirable Rhode Island location. Nine units in total are included in this offering. The property was built in 1900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4359
- Latitude
- 41.8668
