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15 Thomas St 3,888 SF 100% Leased Retail Building North Providence, RI 02911 $2,079,921 CAD ($534.96 CAD/SF)
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$207,364
|
$53.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$207,364
|
$53.33
|
| Taxes |
$13,158
|
$3.38
|
| Operating Expenses |
$41,439
|
$10.66
|
| Total Expenses |
$54,597
|
$14.04
|
| Net Operating Income |
$152,767
|
$39.29
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $207,364 |
| Annual Per SF | $53.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $207,364 |
| Annual Per SF | $53.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,158 |
| Annual Per SF | $3.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,439 |
| Annual Per SF | $10.66 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $54,597 |
| Annual Per SF | $14.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $152,767 |
| Annual Per SF | $39.29 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,888 SF
Building Class
C
Year Built
1950
Price
$2,079,921 CAD
Price Per SF
$534.96 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.22
Lot Size
0.40 AC
Zoning
CV
Parking
12 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
50’ on Thomas St
AMENITIES
- Corner Lot
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dipetrillo Properties
- Real Estate
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dipetrillo Properties | Real Estate | - | - | - |
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NPRO-000014-000000-000466 | Total Assessment | $566,698 CAD (2025) |
| Land Assessment | $165,784 CAD (2025) | Annual Taxes | $13,158 CAD ($3.38 CAD/SF) |
| Improvements Assessment | $400,914 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
NPRO-000014-000000-000466
Land Assessment
$165,784 CAD (2025)
Improvements Assessment
$400,914 CAD (2025)
Total Assessment
$566,698 CAD (2025)
Annual Taxes
$13,158 CAD ($3.38 CAD/SF)
Tax Year
2024
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