982 Willett Ave Riverside, RI 02915-2034
This exceptional commercial land parcel, located at 982 Willett Avenue in East Providence, Rhode Island, presents a compelling investment opportunity. The 5,663 square foot lot is zoned C1 and boasts a single-story, 1965-built structure. While the building itself is included in the sale, the focus is on the land's potential for redevelopment or continued use as a commercial property. The existing building offers approximately 1400 square feet of space, divided between two levels. The upper level features high cathedral ceilings and large east-facing windows, providing ample natural light, suitable for various retail uses such as a salon, café, or shop. The lower level, accessed via a separate entrance, includes private rooms ideal for offices or wellness services, complete with laundry and bathroom facilities. The property benefits from a highly visible location on State Route 103, within a neighborhood characterized by strong foot traffic and a diverse range of surrounding businesses. Fifteen parking spaces are available on the property, adding significant convenience for potential tenants or customers. The property is offered at $520,000. The zip code is 02915.
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Soiree Salon & Spa Hair Salon
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
C2 · 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.