Property profile

1241 Eddie Dowling Hwy North Smithfield, RI 02896

OFF-MARKET
Land
Property ID
US76-0404082
5.94 ac lot
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Property summary

AI-generated overview

This exceptional 5.94-acre commercial land parcel presents a unique investment opportunity in North Smithfield, Rhode Island. Strategically located on Eddie Dowling Highway (Route 146), this property boasts significant frontage: 366 feet on Route 146 and 777 feet on Old Sayles Hill Road. The high-traffic location, with over 50,000 vehicles passing daily, ensures exceptional visibility and accessibility. Currently zoned Business Highway, this site offers immense potential for a variety of commercial developments. The property's proximity to the intersection of I-295 and Route 146 further enhances its strategic value, providing easy access to major transportation arteries. Adding to its appeal, the land generates a current monthly income of $6,000. Neighboring businesses include the well-established Rustic Drive-In, an ice arena, and Stephen Roy Power Equipment, indicating a thriving commercial environment. The asking price for this prime development site is $1,200,000. This is a rare opportunity to acquire a substantial commercial property in a high-demand location with proven income potential. The property's size, zoning, and location make it ideal for a wide range of commercial ventures. Don't miss this chance to capitalize on this exceptional investment opportunity. The address is 1241 Eddie Dowling Hwy, North Smithfield, RI 02896.

Property profile

Verified
Property type Land
Lot 5.94 ac (258,746 SF)
UPID US76-0404082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1241 Eddie Dowling Hwy North Smithfield, RI 02896
North Smithfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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