29 Smith AveSmithfield, RI 02828

Property Details for 29 Smith Ave

Year built

1989

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

4,356 SF

Zone code

V

Property type

Other commercial real estate

Property subtype

Showrooms

APN

SMIT M:06 B:000 L:162 U:

APU

SMITM06B000L162U

Description

This 725-square-foot office suite, located at 29 Smith Ave in Smithfield, RI 02828, is available for lease. Situated in a Class C building constructed in 1989 and renovated in 2020, this single-tenant space offers a versatile layout ideal for various professional uses. The suite boasts two large offices, a private bathroom, a dedicated waiting area, and a private entrance, ensuring privacy and convenience. Ample parking is available with 16 total spaces. The property features gas heating and central air conditioning for year-round comfort. Its convenient location off Route 44 provides easy access to nearby shopping centers. The suite is perfect for businesses such as accounting, real estate, insurance, or creative professionals. The space is in a two-story building and does not include elevators. The monthly rent is $1,000 plus utilities. The property is categorized as a Traditional Office, Creative Office, and Coworking space within the Providence, Providence County submarket, specifically the Smithfield, Providence, Route 44 cluster.

• CAP approach

  CAP return

  Valuation

  6%

  $1,058,660

  6.5%

  $977,225

  7%

  $907,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,434,270

  Geo Method

  $1,434,270

• Alternative Use

  Use

  Valuation

  Residential

  $824,326

  Hospitality

  $755,078

  Educational

  $628,216

  Medical

  $649,821

  Retail

  $977,225

Location Insight

City

Greenville

County

Providence

State

Rhode Island

Latitude

41.8691

Longitude

-71.5556

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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