15 Thomas St - Freestanding FOR SALE


North Providence, RI 02911
$1,490,000 USD
401-952-7887
15 Thomas St, North Providence, RI for Sale
$1,490,000 USD
Freestanding - FOR SALE
1/44
null | Request Cap Rate

15 Thomas St
North Providence, RI 02911


OVERVIEW

Introducing 15 Thomas Street—a prime, turnkey mixed-use property delivering strong, diversified income & exceptional versatility for both investors & owner-occupants. The property is thoughtfully configured to maximize revenue potential across commercial & residential uses. The first floor has two well-finished commercial suites: a polished real estate office featuring two private rooms, a half bath, & central AC, & a stylish three-room move-in ready bridal salon, ideal for a service retailer or boutique. The lower level expands the income stream with a nail salon & a 1-bed, 1-bath apartment. Both commercial & residential tenants enjoy modern amenities, gas heat, & central AC. Upstairs, the second & third floors offer a spacious townhouse-style apartment with six beds, two full baths, & a generous common area. This unit is currently leased as workforce housing, providing excellent monthly returns. For added value, the site features a detached cottage. ** Ample on-site parking accommodates both commercial clients & residents, & the property’s CV zoning supports a mix of uses for ongoing stability.**Strategically located with quick access to Route 44 & I-295, 15 Thomas Street is in a vibrant neighborhood with strong tenant interest. Ideal for investors or owners seeking reliable cash flow, asset appreciation, or a hybrid live-work opportunity, this meticulously maintained property delivers an unmatched return on investment and future upside.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CV

APN/PARCEL ID

NPRO-000014-000000-000466

ASK ABOUT THIS PROPERTY

Joy RileyWestcott PropertiesMore Info
401-952-7887

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Joy RileyWestcott PropertiesMore Info
401-952-7887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.