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38 photos

$899,999

5 FORBES Street
East Providence, RI 02915
Listed by Robert Fox
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1930

About this home

Beautiful and Modern Retail Center Riverside 5-7 Forbes Street in Riverside, RI offers a rare opportunity to own a versatile 3-unit retail property in a highly visible neighborhood location. Two tenants will remain in place while the seller will vacate at closing, creating a wide-open space ideal for retail, restaurant, café, office, or service use. Featuring strong street frontage, ample parking, and excellent access to Providence and surrounding communities, this property presents both immediate income and value-add potential for investors or owner-users alike. Investment highlights • Prime Riverside location just minutes from Downtown Providence, offering strong commuter accessibility and dense surrounding residential neighborhoods. • Positioned near the East Bay Bike Path, Crescent Park, and the Seekonk River waterfront, driving consistent local traffic and community activity. • Convenient access to major routes including I-195 and Route 6, with nearby national retailers, restaurants, and everyday amenities supporting long-term retail demand.

Property details

MLS #
1416079
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
78
On market date
June 22, 2026
Stories
1
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
30
Lot size
21,736 sqft
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Waddington School
0.96 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
521
Student:teacher ratio
14.1:1
District
East Providence
Middle
Riverside Middle School
0.29 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
530
Student:teacher ratio
10.8:1
District
East Providence
High
Barrington High School
2.58 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,119
Student:teacher ratio
13.6:1
District
Barrington

Walkability

Blended score for East Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

52
Somewhat walkable
out of 100
EPA National Walkability Index
6.3 / 20 -- Below average walkable
Google Places amenity density
83 / 100
Restaurants & cafes11
Grocery stores2
Parks8
Schools6
Transit stops9
Pharmacies1

Market position

How this listing compares to current activity in East Providence, from live MLS data.

On the market 78 days -- 25 more days than East Providence's current average of 53 days.
For reference, the median list price across 260 active listings in East Providence right now is $474,000.

Mortgage calculator

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Est. monthly payment
$5,570/mo
$180,000 down
$719,999 loan
Principal & interest$4,670
Property tax (est.)$750
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 23 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.