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2167 Mineral Spring Ave 5,000 SF 100% Leased Office Building North Providence, RI 02911 $1,250,000 ($250/SF)
Executive Summary
FOR SALE | 2167 Mineral Spring Avenue | North Providence, RI
Prime Investment Opportunity on High-Traffic Mineral Spring Avenue—a highly visible mixed-use property located on one of Rhode Island’s most heavily traveled retail corridors. Positioned directly on Mineral Spring Avenue, this asset benefits from exceptional daily traffic counts, strong surrounding demographics, and convenient access to Route 146 and I-95, providing excellent connectivity to Providence and surrounding markets.
The property features a well-balanced unit mix, including one (1) commercial unit on the first floor, two (2) 2-bedroom residential units on the second floor, and one (1) 3-bedroom residential unit on the lower level. The commercial space is fully occupied by a well-established salon, offering stable, in-place income, while all residential units are also fully leased—making this a true turnkey investment.
Each residential unit is outfitted with custom kitchens, stainless steel appliances, hardwood flooring, and in-unit washers and dryers. The second-floor units additionally feature private walk-out terraces, enhancing tenant appeal and rental value.
With all units fully occupied and modernized, this property offers immediate cash flow in a prime, high-demand location.
For additional information or to schedule a showing, please contact:
Garwaine Realty
401-330-2138
Prime Investment Opportunity on High-Traffic Mineral Spring Avenue—a highly visible mixed-use property located on one of Rhode Island’s most heavily traveled retail corridors. Positioned directly on Mineral Spring Avenue, this asset benefits from exceptional daily traffic counts, strong surrounding demographics, and convenient access to Route 146 and I-95, providing excellent connectivity to Providence and surrounding markets.
The property features a well-balanced unit mix, including one (1) commercial unit on the first floor, two (2) 2-bedroom residential units on the second floor, and one (1) 3-bedroom residential unit on the lower level. The commercial space is fully occupied by a well-established salon, offering stable, in-place income, while all residential units are also fully leased—making this a true turnkey investment.
Each residential unit is outfitted with custom kitchens, stainless steel appliances, hardwood flooring, and in-unit washers and dryers. The second-floor units additionally feature private walk-out terraces, enhancing tenant appeal and rental value.
With all units fully occupied and modernized, this property offers immediate cash flow in a prime, high-demand location.
For additional information or to schedule a showing, please contact:
Garwaine Realty
401-330-2138
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1985/2010
Price
$1,250,000
Price Per SF
$250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Slab To Slab
11’
Building FAR
0.82
Lot Size
0.14 AC
Zoning
RL 13
Parking
10 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | NPRO-000021B-000000-000353 | Improvements Assessment | $348,600 |
| Land Assessment | $154,700 | Total Assessment | $503,300 |
Property Taxes
Parcel Number
NPRO-000021B-000000-000353
Land Assessment
$154,700
Improvements Assessment
$348,600
Total Assessment
$503,300
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Presented by
Garwaine Realty, Inc.
2167 Mineral Spring Ave
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