488 Smith St Providence, RI 02908-4307
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Department Store
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, l…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Providence, RIThe purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, l…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for R-3 in Providence, RI.
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