For Sale
$3,200,000

0 1158North Providence, RI 02904

High-Yield Residential & Commercial

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in North Providence, RI, presenting a lucrative blend of residential and commercial income streams. This expansive 26,303 sq ft property encompasses five buildings totaling 21,304 sq ft, including two three-family homes and multiple commercial units currently generating rental income. The residential units, each boasting full kitchens, pantry nooks, and basement washer/dryer hookups, are fully occupied. The commercial spaces, currently utilized for retail and studio purposes, are also fully leased. Two additional, decommissioned two-bedroom apartments offer significant upside potential for increased rental income. Conveniently located near US-1, Miriam Hospital, and Brown University, this property benefits from high visibility and accessibility, further enhanced by its prominent Shepard Fairey billboard. The property also includes an ample overflow parking lot and detached garages, providing additional revenue streams. The assessed value reflects the combined value of 1158, 1166, 1172 N Main and 81 Nashua Street. Detailed unit information, approximate square footage, and financial data are available upon request. This unique offering presents a rare chance to acquire a well-established, high-performing mixed-use portfolio in a desirable Rhode Island location. Nine units in total are included in this offering. The property was built in 1900.

Highlights

  • $3,200,000 asking price.
  • 21,304 square feet, 26,303 square foot lot, 5 buildings, 9 units.
  • Mixed-use property including residential (three-family buildings), retail, and office space; plus parking.
  • Located in Providence, RI, near US-1, Miriam Hospital, and Brown University.
  • Currently generating rental income from all residential and commercial units.

Property Details for 0 1158

Property type
Specialty properties, Retail properties
Square Feet
21,304 SF
Year Built
1900
Buildings
5
Units
9

Location Insight

City
North Providence
County
Providence
State
Rhode Island
Latitude
41.8668281
Longitude
-71.4358733
1158, North Providence, Rhode Island

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0 1158
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