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191 Nashua St 8,182 SF 100% Leased Retail Building Providence, RI 02904 $3,153,108 CAD ($385.37 CAD/SF) 7.05% Cap Rate
Investment Highlights
- Strong accessibility near I-95 and major thoroughfares
- Close proximity to North Main St corridor amenities [loopnet.com]
- Convenient to public transportation and bus lines
Executive Summary
Fully stabilized, recently renovated two-building investment opportunity offering a 7.05% cap rate. The commercial component is secured by a national tenant on a 10-year NNN lease, providing strong, reliable income and minimal landlord responsibilities. The multifamily component offers three residential units (1-3 bedroom, 1-2 bedroom and 1-1 bedroom unit all with one full bathroom) and all three units have current lead-safe certificates. The site includes 10 off street parking spaces in a shared lot and is located off of N. Main Street near the East Side of Providence and Miriam Hospital.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,182 SF
Building Class
C
Year Built
1950
Price
$3,153,108 CAD
Price Per SF
$385.37 CAD
Cap Rate
7.05%
NOI
$222,355 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.84
Lot Size
0.22 AC
Zoning
Comm. C-2 - Commercial
Parking
10 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
200’ on Nashua St
Amenities
- Bus Line
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PROV-750155-000000-000000 | Total Assessment | $1,392,922 CAD (2025) |
| Land Assessment | $479,769 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $913,153 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
PROV-750155-000000-000000
Land Assessment
$479,769 CAD (2025)
Improvements Assessment
$913,153 CAD (2025)
Total Assessment
$1,392,922 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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191 Nashua St
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