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    1987 Plainfield Pike Johnston, RI 02919

    For Sale
    $8,900,000

    High-traffic, prime development opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 15+ acre commercial property, located at 1987 Plainfield Pike in Johnston, Rhode Island, presents a unique redevelopment opportunity for builders and developers. The site boasts an unparalleled location directly off I-295 North/South on Route 14, a major thoroughfare connecting Cranston, Scituate, North Scituate, and Foster, as well as neighboring Connecticut. With approximately 850 feet of frontage on Route 14, the property enjoys 100% visibility and benefits from a high traffic volume averaging 17,000 vehicles per day. The B2 General Business zoning allows for a wide range of development possibilities, including gas stations, service industries, retail, financial institutions, light industrial uses, daycare facilities, recreational amenities, office space, and restaurants. The property includes two existing houses located at 1987 and 1931 Plainfield Pike, along with one vacant parcel. This prime location serves the affluent western Cranston residential neighborhoods, which boast a median household income of $122,000. The property is being sold as a package. Prior to visiting the site, scheduling an appointment is required. This is a truly exceptional opportunity to create a thriving commercial development in a high-demand area. The MLS number is 1374314.

    Property Features for 1987 Plainfield Pike

    General Information

    Property type
    Other commercial real estate
    Lot Size
    653,400 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.51483
    Latitude
    41.78878

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic, prime development opportunity.
    Where is this commercial real estate located?
    The property is located at 1987 Plainfield Pike Johnston, RI.
    What is the asking price?
    The asking price for this property is $8,900,000.
    (401) 921-5011
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    1987 Plainfield Pike 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
    1987 Plainfield Pike Johnston, RI 02919
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