
$1,600,000 USD
Commercial for Sale, 1484 N Mineral Spring Ave N Avenue, North Providence, Rhode Island 02904
- MLS#1414964
- Minimum sellable space
224 m² (2,410 ft²)
Listed By Mega Realty Services Inc
The Commercial Property for Sale located at 1484 N Mineral Spring Ave N Avenue, North Providence, Rhode Island 02904 is currently for sale. 1484 N Mineral Spring Ave N Avenue, North Providence, Rhode Island 02904 is listed for $1,600,000.
Property features
Property
- Property size:
224 m² (2,410 ft²)
Lot/Land
- Land/Lot size:
1,254 m² (13,503 ft²) - Lot description: Paved Road
Construction
- Year built: 1990
- Construction: Frame
Security
- Features: Carbon Monoxide DetectorFire Alarm
Heating and Cooling
- Heating system: Oil
- Cooling system: Air Conditioning
Utilities
- Other utilities: Public Sewer
Community
- Features: Restaurant
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
1484 N Mineral Spring Ave N Avenue, North Providence, Rhode Island 02904