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Property profile & analytics

488 Smith St Providence, RI 02908-4307

  • Showrooms
  • 1,700 SF
  • 0.04 lot acres
OFF-MARKET
Last Sale
Oct 07, 2024
$70,000
Value Estimations
$70,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US76-0200301
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Under Desert / Store

Property Details for 488 Smith St

Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.04 lot acres
Property size
1,700 SF
Zone code
R-3
Property type
Showrooms
APN
PROV M:69 L:406
APU
PROVM69L406

Description

This exceptional 1,700 square foot commercial property, located at 488 Smith Street in the heart of Providence, Rhode Island, presents a unique opportunity for discerning entrepreneurs. Situated on a 0.04-acre lot, this brand-new building boasts a custom interior designed for optimal business functionality. Constructed with high-quality materials and built to code, the property offers a versatile space ready for immediate occupancy. A significant advantage is the inclusion of a 600 square foot basement, providing ample additional storage or expansion potential. The property is available for sale at $360,000 or for lease, offering flexibility to suit various business needs. A build-out allowance is available to assist with tenant improvements, further enhancing the value proposition. For those seeking a longer-term investment, a lease-to-own option is also being considered. The property benefits from its location in a high-traffic area of Providence, ensuring excellent visibility and accessibility for customers. This is a rare chance to establish a business in a prime location with a modern, adaptable space. Don't miss this opportunity to create your ideal business environment in the thriving city of Providence.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $70,000
    ML approach
    $70,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Providence
County
Providence
State
Rhode Island
Longitude
-71.4272
Latitude
41.8357
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,402
$60,600
$93,300
$153,900
-
$0.00
$0.00
$0.00
More about this property
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