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1058 Charles St 7,593 SF 100% Leased Retail Building North Providence, RI 02904 $1,600,000 ($210.72/SF)
Executive Summary
Exceptional mixed use investment opportunity in a highly visible, high traffic location at the corner of Charles Street and Mineral Spring Avenue. This unique offering consists of five separate lots (Assessor's Plat 2/Lot Nos. 247, 249, 250, 262, and 264), providing exceptional flexibility and future development potential. The property includes a fully built out restaurant featuring a full commercial kitchen, all equipment necessary for operation, and a brand new keg system, making it ideal for an owner operator or investor. Also included is a retail storefront, two residential units that provide additional income potential, and two lots located across the street that are currently utilized for parking. The building offers a full basement for storage and operational use. With excellent visibility, strong traffic counts, and multiple income streams, this property presents unlimited possibilities for investors, business owners, or developers. The property may be purchased as a complete package or with/without lots 247/264. Please refer to the separate MLS 1417428 listing for the lots only. Whether you are looking to expand your investment portfolio, establish your own business, or explore redevelopment opportunities, this is a rare offering in one of the area's most high traffic commercial corridors. Buyer to do their own due diligence.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,593 SF
Building Class
C
Year Built
1950
Price
$1,600,000
Price Per SF
$210.72
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
CV - Commercial Village
Parking
50 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NPRO-000002-000000-000250 | Total Assessment | $644,100 |
| Land Assessment | $90,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $553,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
NPRO-000002-000000-000250
Land Assessment
$90,700
Improvements Assessment
$553,400
Total Assessment
$644,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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