Corner Retail
For Sale
Contact for pricing
1999 Plainfield Pike #1, Johnston, RI 02919
Located in an established strip center, the unit includes two additional rooms and one restroom.
Property Size1,000 SF
Price / SF$0.02
Days on Market64
Property Features for 1999 Plainfield Pike #1
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Year Built
1990
Listing Agency:
REMAX Revolution
(401) 921-5011
Listed By:
Lori Marchetti · License #RES.0030281
(401) 623-0317
Source:
Lockandkeyre
Added: Aug 16
Changed: Oct 16
Last Checked: Oct 16 at 9:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Revolution
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner retail unit is part of an established strip center at 1999 Plainfield Pike, Unit 1, in Johnston. The space was formerly occupied by a hair salon and includes two additional rooms and one restroom at the rear. The building was constructed in 1990.
The property is positioned along Route 14 with direct access from I-295. Its corner placement within the center provides a distinct storefront position for a retail operation. The existing room configuration and restroom offer a practical starting point for a business evaluating this commercial space.
The property is positioned along Route 14 with direct access from I-295. Its corner placement within the center provides a distinct storefront position for a retail operation. The existing room configuration and restroom offer a practical starting point for a business evaluating this commercial space.
Key Highlights
- Corner unit within an established strip center
- Directly off I‑295 along Route 14
- Former hair salon space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,290
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,800
$225.8K
Cap Rate 7%
$161,286
$161.3K
Cap Rate 9%
$125,444
$125.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.9K −$1.87/SF
EGI
$16.1K $16.13/SF
− OpEx
−$4.8K −$4.84/SF
NOI
$11.3K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,800
Cap Rate 7%
$161,286
Cap Rate 9%
$125,444
Alternative Uses
Best Use
Retail
$161.3K
$141.1K – $188.2K
NOI $11,290 @ 7.0% cap · market cap 59,421.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 87,631.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Dunkin' Donuts
Dining
14,880 visits/mo
0.0 miles
Seasons Corner Market
Shops & Services
10,641 visits/mo
0.4 miles
Circle K
Shops & Services
5,720 visits/mo
0.3 miles
Mobil
Shops & Services
5,437 visits/mo
0.3 miles
Honey Dew Donuts
Dining
3,252 visits/mo
0.3 miles
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Located in an established strip center, the unit includes two additional rooms and one restroom.
Where is this retail space located?
The property is located at 1999 Plainfield Pike #1 Johnston, RI.
What are key features of this property?
This property features: Corner unit within an established strip center; Directly off I‑295 along Route 14; Former hair salon space
