1484 N Mineral Spring Avenue Avenue N North Providence

$1,600,000
2,410 sq ft

The Property

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”.

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Listing Details

MLS Number

1414964

Lot Size:

0.31 acres

Features

  • Cafeteria
  • Drive-thru
  • Restrooms
  • Business Center
  • Community Building
  • Restaurant
  • Heating: Central Air
  • Heating Fuel: Central Air
  • Paved
  • Free Standing
  • Year Built: 1990

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Market Trends for Commercial Properties
in North Providence

  • Overview
    Homes for Sale Today19-91.4% decrease in inventory
    New on Market *5150% increase in new listings
    Avg. Asking Price/Sq.Ft. *$196.47$242 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$778,500$154,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *90.17%8.2% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$82.67$27 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *33199 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Mega Realty Services Inc

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