Remodeled Live-Work
For Sale
$329,000
120 Danielson Pike, Foster, RI 02825
Commercial For Sale, Foster, RI
Property Size1,440 SF
Lot Size0.23 Acres
Price / SF$228.47
Days on Market93
Property Features for 120 Danielson Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial/Business under
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Interior features
Living Space Available
Lot features
Level Lot, Cleared
Directions
From CT Line, go 3 miles east on Danielson Pike to 120 Danielson Pike (Route 6) Foster RI
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
Amenities
gleaming hardwoods
new wall to wall carpeted living areas
chic office area
spacious sales floor/retail waiting area
remodeled full bath with walk-in rain shower
new fully applianced kitchen
Building Details
Year built
1900
Flooring type
Wood, Carpet - Full, Tile - Ceramic
Listing Agency:
RE/MAX Bell Park Realty · RE/MAX International
(860) 774-7600
Listed By:
Deborah Burlingame · License #SL3599520
(860) 207-1162
Added: Jul 17
Changed: Oct 9
Last Checked: Oct 17 at 1:06AM
MLS# 24192136
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.
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Investment Insights
Based on property information with market context.
This 1,440-square-foot live-work property at 120 Danielson Pike combines residential and commercial-style areas within a freestanding building. The interior includes hardwood flooring, full carpeting in select living areas, a dedicated office, a sales floor or reception area, a remodeled full bathroom with a walk-in rain shower, and a fully equipped kitchen. Ceramic tile, wood, and carpet flooring are present, along with zoned heating and central air conditioning.
The property occupies a 10,019-square-foot lot in Foster’s GB district and includes a newly paved parking area exceeding 6,000 square feet. It is currently zoned Commercial/Business and falls within the live-work category. The source information identifies several residential uses subject to applicable permitting, including proposed single-family living, with the seller amenable to pursuing a potential zoning change through the Town of Foster.
The property occupies a 10,019-square-foot lot in Foster’s GB district and includes a newly paved parking area exceeding 6,000 square feet. It is currently zoned Commercial/Business and falls within the live-work category. The source information identifies several residential uses subject to applicable permitting, including proposed single-family living, with the seller amenable to pursuing a potential zoning change through the Town of Foster.
Key Highlights
- 1,440 SF live‑work property at 120 Danielson Pike
- 10,019 SF lot in Foster’s GB district
- Newly paved 6,000+ SF parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,613
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,260
$372.3K
Cap Rate 7%
$265,900
$265.9K
Cap Rate 9%
$206,811
$206.8K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.9K $20.04/SF
− Vacancy
−$4.0K −$2.81/SF
EGI
$24.8K $17.23/SF
− OpEx
−$6.2K −$4.31/SF
NOI
$18.6K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,260
Cap Rate 7%
$265,900
Cap Rate 9%
$206,811
Alternative Uses
Best Use
Office B
$265.9K
$232.7K – $310.2K
NOI $18,613 @ 7.0% cap · market cap 5.66%
Second Best
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 5.17%
Theoretical Best
Multifamily LT 5
$342.5K
$299.7K – $399.6K
NOI $23,977 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 02825, RI
5,265
Population
2,027
Households
2.6
Avg Household Size
47
Median Age
34%
College-Educated
94%
High-School Grad
55.0 sq mi
ZIP Area
96
Density / Sq Mi
$110,177
Median Household Income
$51,550
Median Earnings
$1,525
Median Rent
$398,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Remodeled interior combines living areas, office space, a sales floor, kitchen, and full bath.
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 $329,000.
What are key features of this property?
This property features: 1,440 SF live‑work property at 120 Danielson Pike; 10,019 SF lot in Foster’s GB district; Newly paved 6,000+ SF parking area
