1086 Smith St Providence, RI 02908-2738
This exceptional mixed-use property, situated at 1086 Smith Street in Providence, Rhode Island, presents a compelling investment opportunity. The 6,970 square foot lot features a 1942-built building currently configured as a partially-utilized office space and a residential apartment. The main level offers potential for five private offices, a conference area, a spacious reception area, a kitchen/break room, and 1.5 bathrooms. Hardwood floors and modern upgrades enhance the professional aesthetic. The second level comprises a one-bedroom apartment with a private entrance, offering additional office space potential or rental income. The property boasts central AC/heat, ample off-street parking for six or more vehicles, and a meticulously maintained exterior. All utilities are separately metered. This high-visibility location on Smith Street in a desirable Elmhurst area enjoys high traffic volume. The property is conveniently located within ten minutes of area universities and major hospitals. Prospective buyers are responsible for conducting their own due diligence regarding zoning and usage requirements. This property is offered at $499,000.
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Golfo K. Tzilos, PhD Physician Medical Clinic
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Jeanne K. Esler, PhD Physician Medical Clinic
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David Lyon H. Lyon, PsyD Medical Clinic
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David Lyon Lyon Medical Clinic Physician
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Dawn Nero Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
R-1 · Providence, RIProvidence. Always verify with local authorities before improvements.
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.