45
See all 45 photos
$1,490,000
Est. payment /mo
0.4 Acres Lot
Active
15 Thomas ST North Providence, RI 02911
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1390997
HOA Y/N No
Year Built 1910
Annual Tax Amount $9,427
Tax Year 2024
Lot Size 0.400 Acres
Property Sub-Type Commercial
Property Description
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.
Location
State RI
County Providence
Zoning CV
Interior
Heating Forced Air
Cooling Central Air
Laundry Common Area
Exterior
Community Features Highway Access, Near Schools, Public Transportation, Recreation Area
Utilities Available Natural Gas Available, Sewer Connected
Total Parking Spaces 10
Building
Sewer Connected
Structure Type Brick,Frame
New Construction No
Others
Tax ID 15THOMASSTNPRO
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Listed by Westcott Properties