For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Live-Work Commercial Property Title is generated by Realmo AI

    120 Danielson Pike, Foster, RI 02825

    View on Map
    Claim this Listing
    For Sale
    $359,900

    COMMERCIAL - Foster, RI

    Property size:
    1,440 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $249/SF
    Added:
    Mar 17, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 12 at 1:06 pm

    Property Features for 120 Danielson Pike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial/Business under
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    20
    Interior features
    Living Space Available
    Standard status
    Active
    Size
    1,440 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3762

    Utilities

    Heating system
    Zoned
    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Year built
    1900
    Flooring type
    Tile - Ceramic, Wood, Carpet - Full

    We can help!

    Listing Contact
    Deborah Burlingame
    Deborah Burlingame

    Listing agent Deborah Burlingame License #SL3599520

    Listing office RE/MAX Bell Park Realty 610 Hartford Pike, Dayville, RI

    Listing date Mar 17, 2026

    MLS# 24159878

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Proposed single‑family living with 1,440 SF of living space
    • 10,019 SF lot plus newly paved 6,000+ SF parking area
    • Remodeled full bath with walk‑in rain shower
    • Brand new fully applianced kitchen
    • Heating: zoned; cooling: central air
    • Foster RI GB district with permitted residential uses such as single family, ADI, multi‑family (with additional permitting), community residences, family daycare homes, and short‑term rents (with additional permitting)

    Overview

    This turn-key property at 120 Danielson Pike has been reimagined from a former commercial/business site into a flexible live-work setup. The interior includes gleaming hardwood floors, new wall-to-wall carpeting, and a combination of living areas with a dedicated office area. There is also a spacious sales floor or retail/waiting area, along with a fully remodeled bath featuring a walk-in rain shower. The kitchen is brand new and fully appliance-ready, supporting a practical daily-use configuration. The property also provides 1,440 square feet of living space and is presented as ready for immediate occupancy.

    The site is free-standing and described as easily accessible and highly visible. It sits on an approximately 10,019 square-foot lot and includes a newly paved 6,000-plus square-foot parking area, which can help reduce operational friction for tenants and visitors. The property is located in Foster’s GB district, with some permitted residential uses noted in the materials, including single-family, ADI, and multi-family (with additional permitting), as well as community residences, family daycare homes, and short-term rents (with additional permitting).

    For tenants or buyers looking for a one-building arrangement that can accommodate both a work component and residential use, the layout supports that live/work concept through its office area, flexible front sales or waiting space, and fully updated residential improvements. The on-site parking and free-standing visibility are practical attributes for retail, services, or customer-facing office uses operating from the same address.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $36.8k $25.56
    − Vacancy −$2.2k −$1.53
    EGI $34.6k $24.03
    − OpEx −$15.6k −$10.81
    NOI $19.0k $13.21
    1,440 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $271.8K
    $237.9K – $317.2K (±1% cap)
    NOI $19,029 @ 7.0% cap · market cap 5.29%
    Second Best
    Office B
    $265.9K
    $232.7K – $310.2K (±1% cap)
    NOI $18,613 @ 7.0% cap · market cap 5.17%
    Theoretical Best
    Multifamily LT 5
    $342.5K
    $299.7K – $399.6K (±1% cap)
    NOI $23,977 @ 7.0% cap · market cap 6.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Gym & Fitness Center Bar & Pub Discount Store (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Foster
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.73967
    Latitude
    41.814315

    FAQs

    What type of property is this?
    Live-work space - Remodeled live-work layout in Foster, RI with a large paved parking area for convenient tenant and customer access.
    Where is this live-work space located?
    The property is located at 120 Danielson Pike Foster, RI.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: Proposed single‑family living with 1,440 SF of living space; 10,019 SF lot plus newly paved 6,000+ SF parking area; Remodeled full bath with walk‑in rain shower
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message