Property summary
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
VerifiedCap rate & NOI
Current use
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Spiritual Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning