1005 Charles St, North Providence, RI 02904-5062

This exceptional commercial property, located at 1005 Charles Street in North Providence, Rhode Island, presents a compelling investment opportunity. The property consists of a single-story, 1920s-era building situated on a 5,227 square foot lot. Currently, the entire building is occupied by a tattoo parlor under a five-year lease with annual rent increases. The tenant recently completed a full interior renovation. The building's previous layout accommodated multiple tenants, offering flexibility for future use. The property's zoning designation is CV (Commercial Village), allowing for significant expansion potential. This property can be sold in conjunction with the adjacent property at 1007 Charles Street, which houses a long-term burrito restaurant tenant willing to either renew their lease or vacate, depending on the buyer's preference. Both properties are on separate lots, providing further development options. The asking price for 1005 Charles Street is $399,900. This presents a rare chance to acquire a well-located, income-generating property with substantial upside in a thriving commercial area. The property's strong tenant history and flexible zoning make it an ideal investment for both seasoned and emerging commercial real estate investors.