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Caitlin Pannone

Engel & Völkers

caitlin.pannone@engelvoelkers.com +1(401) 258-3331

$ 1,600,000

Est. payment -/mo

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Active

1484 N Mineral Spring Ave AVE N North Providence, RI 02904

2,410 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,410 sqft

Price per Sqft $663

MLS Listing ID 1414964

HOA Y/N No

Abv Grd Liv Area 2,410

Year Built 1990

Annual Tax Amount $32,008

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Commercial

Property Description

This well-performing, single-tenant NNN retail property is located in the highly sought-after Mineral Springs Avenue retail corridor. The standalone building offers 2,410 square feet on a 0.29-acre lot, complete with dedicated parking and a drive-thru, providing excellent long-term usability and steady customer traffic. The current tenant has been operating here since 2005 and has about seven years remaining on a triple net lease, with the lease guaranteed by the corporation, ensuring reliable and predictable income with minimal landlord involvement. Positioned in a busy trade area with over 22,000 vehicles passing daily, the location benefits from strong national retail presence nearby. Offered at a 5.25% capitalization rate with solid net operating income, this fee simple property includes both the land and building. It's an excellent opportunity for 1031 exchange investors or those seeking stable cash flow, established tenancy, and long-term security in a market with limited supply in Rhode Island."Sold as is".

Location

State RI

County Providence

Zoning CG

Rooms

Basement None

Interior

Cooling Central Air

Exterior

Community Features Business Center, Restaurant, High Traffic Location

Amenities Available Business Center, Recreation Facilities, Restaurant

Street Surface Paved

Total Parking Spaces 19

Building

Building Description Frame, Cafeteria,Public Restrooms

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Level or Stories 1

Structure Type Frame

New Construction No

Others

Tax ID 1484MINERALSPRINGAVEAVNPRO

Security Features Building Security,Carbon Monoxide Detector(s),Fire Alarm

Acceptable Financing Lease, Lease Option

Listing Terms Lease, Lease Option

Listed by Mega Realty Services Inc

Caitlin Pannone

Advisor

+1(401) 258-3331

Caitlin Pannone

1484 N Mineral Spring Ave AVE N North Providence, RI 02904

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1484 N Mineral Spring Ave AVE N