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    653 Killingly St Johnston, RI 02919

    For Sale
    $599,000

    Prime Location, High Visibility, Three Units

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use building, constructed in 2003, presents a compelling investment opportunity in Johnston, Rhode Island. Situated on a highly visible 0.22-acre corner lot on Killingly Street, this property enjoys excellent proximity to major roadways, Routes 6 and 295, ensuring high traffic volume and prominent exposure for your businesses. The building features two ground-floor retail spaces, each equipped with its own signage, and a second-floor residential unit. All three units benefit from separate gas and electric utilities, minimizing operational complexities and maximizing efficiency. The building boasts ample wrap-around parking, a significant advantage for both tenants and customers. Low-maintenance siding and underground utilities further contribute to reduced upkeep costs. The property is fire-coded and equipped with central air conditioning, enhancing its appeal and functionality. Zoned B-2, this versatile property offers a wide range of potential uses, making it an ideal investment for discerning buyers seeking a strong return. Seller financing is available, making this opportunity even more attractive. The building's well-maintained condition and prime location combine to create a truly exceptional investment prospect in a thriving Rhode Island market. High daily car counts on Killingly Street guarantee significant visibility for your businesses. Don't miss this chance to acquire a profitable and strategically located mixed-use property.

    Property Features for 653 Killingly St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,583 SF

    Building Details

    Year Built
    2003
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.47292
    Latitude
    41.83031

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High Visibility, Three Units
    Where is this commercial real estate located?
    The property is located at 653 Killingly St Johnston, RI.
    What is the asking price?
    The asking price for this property is $599,000.
    (401) 885-5400
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    653 Killingly St Johnston, RI 02919
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    Johnston, RI 02919
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    653 Killingly St Johnston, RI 02919
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