1241 Eddie Dowling Hwy, North Smithfield, RI 02896
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.