1097 Eddie Dowling Hwy North Smithfield, RI 02896
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.
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Route 146 Auto Sales Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
BH · North Smithfield, RINorth Smithfield. 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.