548 Willett Ave Riverside, RI 02915-2656
This exceptional retail property, located at 548 Willett Ave in East Providence, Rhode Island, presents a unique owner-user investment opportunity. The 1,822 square foot building, currently operating as a successful convenience and grocery store, sits on a spacious 20,834 square foot lot. Built in 1960 and recently updated two years ago, the property boasts ample parking, a significant advantage in a high-traffic area. The building is zoned R3, offering flexibility for potential future uses. The asking price is $599,900, translating to $329.25 per square foot. This represents a strong value proposition in the competitive East Providence market. The property's history as a thriving convenience store demonstrates its proven ability to generate revenue. Its convenient location and substantial parking make it an attractive option for both established businesses and new ventures. The property's recent updates ensure it's ready for immediate occupancy and continued success. Serious inquiries are encouraged to schedule a viewing and explore this promising investment opportunity. The property is situated in Providence County, Rhode Island, with a zip code of 02915.
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ATM Atm
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Riverside food mart Grocery & Convenience Store
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Sonny's Convenience Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R3 · Riverside, RIRiverside. Always verify with local authorities before improvements.
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.