1000 Smith St Smith St Providence, RI 02908
This meticulously renovated 1900s building at 1000 Smith Street in Providence, RI, presents a unique investment opportunity. Priced at $1,100,000, this 13,387 sq ft corner lot property boasts a single building with one unit, offering versatile commercial, medical, or even residential potential. The property's recent renovations include a new roof, high-efficiency gas heating system, new windows, updated bathrooms and kitchen, refinished hardwood floors, new light fixtures, a new security system, and a newly paved parking lot accommodating 12+ cars. Interior features highlight period details such as high ceilings, beautiful woodwork, and crown molding, complemented by modern updates. The layout includes two conference rooms, three fireplaces, and numerous offices. The building is currently furnished and situated across from LaSalle Academy, near colleges, offering excellent visibility and accessibility. Its zoning allows for mixed-use development, including multi-family or single-family residential conversion, in addition to its current commercial applications. This property offers a blend of historic charm and modern functionality, making it an ideal investment for a variety of uses.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.