Entity Owned Property summary
This exceptional investment opportunity presents a 21,126 square foot commercial land parcel located at 1818 Mineral Spring Avenue in North Providence, Rhode Island, zip code 02904. The property features a single, 6,136 square foot building constructed in 1990. Currently configured as a three-unit strip center, the property boasts a highly desirable location on a heavily trafficked road, directly across from the North Providence Fire and Police Station and adjacent to North Providence High School, ensuring high visibility and consistent traffic flow. The CP zoning allows for a wide range of business uses, making it suitable for retail, office, or service-based tenants. Ample parking is available for tenants and customers. The well-maintained building offers flexible layout options within its over 6,136 square feet of rentable space. This property represents a strong investment opportunity in a thriving area with high demand for commercial real estate, promising a steady income stream for years to come. The asking price for this prime commercial land is $1,699,000.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Restaurant
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Home Appliance Store Hardware & Home Improvement
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CP - Commercial Professional Office Zone. This district is established to recognize professional offices used as a mechanism to provide a buffer between residences and heavy commercial districts and as a way to control a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CP · North Providence, RICP - Commercial Professional Office Zone. This district is established to recognize professional offices used as a mechanism to provide a buffer between residences and heavy commercial districts and as a way to control a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CP - Commercial Professional Office Zone. This district is established to recognize professional offices used as a mechanism to provide a buffer between residences and heavy commercial districts and as a way to control a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CP in North Providence, RI.
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