275 Eddie Dowling Hwy North Smithfield, RI 02896
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.
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North Smithfield gifts Spiritual Center
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.