1097 Eddie Dowling HwyNorth Smithfield, RI 02896

This exceptional investment opportunity presents a thriving auto repair and customization shop situated on a highly visible 5.25-acre lot directly on Route 146 in North Smithfield, Rhode Island. The property boasts 16,162 square feet of space across six buildings, with two stories, and includes three existing structures. Built in 1970 and extensively renovated in 2013, the property features new retaining walls, gravel ground cover, new roofs, epoxy floors, garage doors, HVAC systems, an oil tank, and a renovated kitchen and bath. Currently operating at 100% occupancy, the property generates a pro-forma NOI of $319,992, representing an 8.00% cap rate. The asking price is $3,999,900, or $247.49 per square foot. The property includes four tax lots (0, 1095, 1097, and 1117 Eddie Dowling Hwy) and offers approximately 580 linear feet of frontage within the BH (Business Highway) zone. Daily traffic counts exceed 50,000 vehicles. The property's prime location, adjacent to the Rustic Drive-in Theatre, Anchor Nissan & Subaru, and Eddie Dowling Village (home to Lowe's, Texas Roadhouse, Walmart, Buffalo Wild Wings, Kohl's, Verizon, and ALDI), provides exceptional visibility and access to a large customer base. While 2,485 square feet is currently used as residential space (5 bedrooms, 2 baths), the remaining 13,734 square feet is dedicated to commercial uses, including truck customization, automotive repair, and parts retail, along with office space. The property's infrastructure is largely new or recently improved, presenting significant potential for future development or expansion. The existing business, furniture, fixtures, and equipment are not included in the sale price but may be available for separate negotiation.