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Property profile & analytics
FOR LEASE
Showrooms

1097 Eddie Dowling Hwy North Smithfield, RI 02896

7,350 SF 1.13 ac lot Built 1970
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US76-0105935
Property summary
AI-generated overview

This exceptional 5.25-acre commercial property in North Smithfield, Rhode Island, presents a remarkable investment opportunity. Located directly on Route 146, this high-visibility site boasts over 580 linear feet of frontage in a Business Highway zone, experiencing daily traffic counts exceeding 50,000 vehicles. The property encompasses four tax lots (0, 1095, 1097, & 1117 Eddie Dowling Highway) totaling approximately 228,690 square feet and includes three existing structures with a combined area of 16,162 square feet. Currently utilized as a blend of residential and commercial space, including truck customization, automotive repair, and parts retail, the property offers significant flexibility for a wide range of uses. The existing structures feature recently improved infrastructure, including new retaining walls, gravel ground cover, roofs, epoxy floors, garage doors, HVAC systems, an oil tank, and a renovated kitchen and bath. The property's prime location, adjacent to established businesses like the Rustic Drive-in Theatre and Anchor Nissan & Subaru, and its proximity to Eddie Dowling Village, ensures strong visibility and potential for significant growth. The asking price for the land and buildings is $3,999,900. The existing business, furniture, fixtures, and equipment are not included in this offering but may be available for separate negotiation.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,350 SF
Lot 1.13 ac (49,223 SF)
Zoning code BH
APN NSMI M:0017 L:0079
UPID US76-0105935
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Route 146 Auto Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Anthony Lavornia · 20 yrs held
Anthony Lavornia
since 2006
7 recorded transactions
2019
Price N/A
2016
Price N/A
2014
Price N/A
2009
Price N/A
2006
$250,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BH · North Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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