Property profile

400 Newport Ave East Providence, RI 02916

FOR LEASE
Showrooms
Property ID
US76-0140840
15,894 SF 1.82 ac lot Built 1962
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.8-acre commercial land parcel presents a remarkable development opportunity in the desirable East Providence, Rhode Island, location. Situated at 400 Newport Ave, zip code 02916, this single-tenant property offers unparalleled potential for a variety of commercial ventures. The expansive lot size provides ample space for new construction, allowing for significant flexibility in design and functionality. Its convenient location within Providence County ensures easy access to major transportation routes, enhancing its appeal to businesses seeking a strategic location. The property is designated as commercial land and is available for sale or lease, making it an attractive option for both developers and businesses seeking to establish a presence in this thriving area. The site's zoning and potential uses should be verified independently with the relevant authorities. This is a rare opportunity to acquire a substantial piece of land in a prime location, ideal for those seeking to capitalize on the growing commercial landscape of East Providence. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is located at 41.8494722 latitude and -71.3538885 longitude. This is a single-tenant property.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1962
Total area 15,894 SF
Lot 1.82 ac (79,279 SF)
Zoning code C4
APN EPRO M:402 B:13 L:003 U:10
UPID US76-0140840

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
  • Hotel & Motel

Location

400 Newport Ave East Providence, RI 02916
East Providence metro Census 10102 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.89M
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$2.21M

Owner & transaction history

Zoning & alternative use

C4 · Rumford, RI

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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