$1,490,000

15 Thomas Street, North Providence, RI 02911

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
August 1, 2025 at 05:00AM
Listing Office:
Westcott Properties : 401-421-5300
MLS ID:
1390997
  • Laundry: Common Area
  • A/C: Central Air
  • Heating: Forced Air

This listing courtesy of Westcott Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Greystone Elementary School

100 Morgan Ave, North Providence, RI, 02911

Grades KG-5

0.27 miles away

D

Dr. Edward A. Ricci Middle School

51 Intervale Ave, North Providence, RI, 02911

Grades 6-8

0.94 miles away

N

North Providence High School

1828 Mineral Spring Ave, North Providence, RI, 02904

Grades 9-12

1.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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