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15 Thomas St 3,888 SF 100% Leased Retail Building North Providence, RI 02911 $2,032,718 CAD ($522.82 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 |
$202,658
|
$52.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$202,658
|
$52.12
|
| Taxes |
$12,859
|
$3.31
|
| Operating Expenses |
$40,499
|
$10.42
|
| Total Expenses |
$53,358
|
$13.72
|
| Net Operating Income |
$149,300
|
$38.40
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $202,658 |
| Annual Per SF | $52.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $202,658 |
| Annual Per SF | $52.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,859 |
| Annual Per SF | $3.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $40,499 |
| Annual Per SF | $10.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,358 |
| Annual Per SF | $13.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $149,300 |
| Annual Per SF | $38.40 |
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
$2,032,718 CAD
Price Per SF
$522.82 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 | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NPRO-000014-000000-000466 | Total Assessment | $561,829 CAD (2025) |
| Land Assessment | $164,360 CAD (2025) | Annual Taxes | $12,859 CAD ($3.31 CAD/SF) |
| Improvements Assessment | $397,470 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
NPRO-000014-000000-000466
Land Assessment
$164,360 CAD (2025)
Improvements Assessment
$397,470 CAD (2025)
Total Assessment
$561,829 CAD (2025)
Annual Taxes
$12,859 CAD ($3.31 CAD/SF)
Tax Year
2024
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15 Thomas St
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