Property profile

275 Eddie Dowling Hwy North Smithfield, RI 02896

OFF-MARKET
Day care centers
Property ID
US76-0203196
1.87 ac lot
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Property summary

AI-generated overview

This exceptional 1.87-acre property in North Smithfield, Rhode Island, presents a unique redevelopment opportunity. Located at 275 Eddie Dowling Hwy, 02896, this site boasts a prime location on Route 146A, directly across from Dowling Village – a thriving retail center anchored by major national tenants such as Walmart, Lowe's, and Kohl's. Currently improved with two, two-story single-family homes, the property is zoned BH (Business Highway), offering a wide range of potential uses. Envision a multi-tenant shopping center, medical facility, or other compatible businesses thriving in this high-visibility location. The asking price is $1,500,000. While the property consists of two buildings and two units, the existing structures are not the focus of this investment opportunity. The significant potential lies in the redevelopment of the land itself. Note that an adjacent 20,000 square foot parcel is available for purchase separately. A conceptual plan for a 20,000 square foot building incorporating this additional parcel is available upon request. This is an exceptional chance to capitalize on a high-traffic location and create a significant return on investment. Don't miss this chance to acquire a prime piece of Rhode Island commercial real estate.

Property profile

Verified
Property type Day care centers
Lot 1.87 ac (81,457 SF)
UPID US76-0203196

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Spiritual Center

Location

275 Eddie Dowling Hwy North Smithfield, RI 02896
North Smithfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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