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Property profile & analytics
OFF-MARKET Estimated value $1,155,000
Showrooms

175 Eddie Dowling Hwy North Smithfield, RI 02896-8230

11,000 SF 1.8 ac lot Built 1969
Individually Owned 25-yr Hold ~ Est. High Equity
Property ID
US76-0120192
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving dry-cleaning business located at 175 Eddie Dowling Highway in North Smithfield, Rhode Island, 02896. Priced at $135,000, this turnkey operation boasts a strong client base and benefits from its high-visibility location within a busy strip plaza. The property itself is a single-unit storefront, built in 1969, and includes all necessary equipment for continued operation. While the land size is listed as 0 square feet, this reflects the nature of the listing as a business sale rather than a land sale. The business is situated in Providence County, offering easy access to major roadways and a substantial customer base. This is a rare chance to acquire an established, profitable business with significant potential for growth. The sale includes all existing equipment, allowing for immediate commencement of operations. The high traffic area ensures consistent customer flow, contributing to the business's proven success. This is an ideal opportunity for an entrepreneur seeking a ready-made business with established clientele and a prime location. Serious inquiries are encouraged.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,000 SF
Lot 1.8 ac (78,408 SF)
Zoning code BH
APN NSMI M:0013 L:0002
UPID US76-0120192
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
  • Kodokai Dojo Gym & Fitness Center
  • Grace Family Worship Center Church
  • Praise Tabernacle North Church
  • Moonlight 2 Restaurant
  • Noteworthy Music Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.16M
Owner & transaction history
George Blacksmith · 25 yrs held
George Blacksmith
since 2000
4 recorded transactions
2003
Price N/A
2000
$1.1M
1999
Price N/A
1989
Price N/A
Zoning & alternative use
BH · North Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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