Turnkey Live-Work Commercial
120 Danielson Pike Foster, RI 02825
New
120 Danielson Pike, Foster, RI, 02825
$359,900
For Sale
$359,900
COMMERCIAL - Foster, RI
Property Size1,440 SF
Lot Size0.23 Acres
Price / SF$249.93
Days on Market3
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, Carpet - Full, Wood
Listing Agency
RE/MAX Bell Park Realty
(860) 774-7600
610 Hartford Pike, Dayville, RI
Listed by
Deborah Burlingame · License #SL3599520
(860) 207-1162
Added: Jul 16 Checked: Jul 18 at 5:06 am
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.
Investment Insights
Based on property information with market context.
Turnkey live-work commercial property at 120 Danielson Pike featuring a remodeled interior with gleaming hardwoods and new wall-to-wall carpeted areas. The layout includes a chic office area alongside a spacious sales floor or retail/waiting area, plus a totally remodeled full bath with a walk-in rain shower and a brand new, fully applianced kitchen.
The property is free-standing, designed for easy access, and is noted as highly visible. The offering includes a newly paved parking area and a lot sized at approximately 0.23 acres.
Zoned as Commercial/Business under, the site is located in Foster’s GB district. Public remarks indicate certain permitted residential uses may be available with additional permitting, including single-family, ADI, multi-family (with additional permitting), community residences, family daycare homes, and short-term rentals (with additional permitting).
The property is free-standing, designed for easy access, and is noted as highly visible. The offering includes a newly paved parking area and a lot sized at approximately 0.23 acres.
Zoned as Commercial/Business under, the site is located in Foster’s GB district. Public remarks indicate certain permitted residential uses may be available with additional permitting, including single-family, ADI, multi-family (with additional permitting), community residences, family daycare homes, and short-term rentals (with additional permitting).
Key Highlights
- Proposed single‑family living: 1,440 SF of living space in a former commercial/business site
- Newly paved 6,000+ SF parking area plus 10,019 SF lot
- Completely remodeled interior with new fully applianced kitchen and remodeled full bath
Local Financial Insights For Office B
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 | $28.9k | $20.04 |
| − Vacancy | −$4.0k | −$2.81 |
| EGI | $24.8k | $17.23 |
| − OpEx | −$6.2k | −$4.31 |
| NOI | $18.6k | $12.93 |
1,440 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$265.9K
$232.7K – $310.2K
NOI $18,613 @ 7.0% cap · market cap 5.17%
Second Best
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 4.73%
Theoretical Best
Multifamily LT 5
$342.5K
$299.7K – $399.6K
NOI $23,977 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Turnkey live-work building with remodeled living area, full bath, and a separate office or sales/retail-ready space.
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: 1,440 SF of living space in a former commercial/business site; Newly paved 6,000+ SF parking area plus 10,019 SF lot; Completely remodeled interior with new fully applianced kitchen and remodeled full bath
