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$1,620,000
Est. payment /mo
4,559 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,559 sqft
Price per Sqft $355
MLS Listing ID 73523340
HOA Y/N false
Year Built 1930
Annual Tax Amount $18,670
Tax Year 2026
Lot Size 10,890 Sqft
Acres 0.25
Property Description
The subject is a 4,559 SF recovery house containing 11 bedrooms, 4 full bathrooms (1 is ADA accessible), a full kitchen, 2 common/dining areas, an office, and sunroom, with a service capacity of 24 beds. A $290,800 renovation was completed in 2024. Because of its location on a major route near Providence, the subject has central access to major linkages, interstate highways, public transportation, retail stores, services, and municipal facilities. The property is encumbered with a 20-year lease that began in August 2023, with a current payment of $145,800, as an expense to the operation, with a 9.00% cash on cash return to a potential buyer, which is significant in today's market and perfect for a 1031 buyer.
Location
State RI
County Providence
Zoning CP
Direction GPS - 1373 Smith St, North Providence
Others
Senior Community false
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Listed by JMR Commercial RE Services
Nearby School & Business
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