Updated Strip Plaza with
80 Greenville Avenue Johnston Johnston, RI 02919
80 Greenville Avenue Johnston, Johnston, RI, 02919
$1,100,000
For Sale
$1,100,000
One-level strip plaza is updated and currently operated as a pub and pizza place, with a large parking lot.
Property Size4,000 SF
Price / SF$275
Days on Market48
Property Features for 80 Greenville Avenue Johnston
General Information
- Standard status
- Active
- Size
- 4,000 SF
Building Details
- Year Built
- 1987
Listing agency
(508) 501-1443
Listed by
Michele Costa
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 4 Updated: Jul 21 at 12:05AM Checked: Jul 21 at 3:31AM
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 Michele Costa
Investment Insights
Based on property information with market context.
This one-level strip plaza has been updated and is currently operating as a pub and pizza place. The property is offered for sale, with the option for the owners to lease back the building.
The asset includes a large parking lot designed to support day-to-day customer traffic. The property is located at 80 Greenville Avenue in Johnston, Rhode Island.
At approximately 4,000 square feet, the building is configured to serve both bar and food service uses within a strip plaza setting.
The asset includes a large parking lot designed to support day-to-day customer traffic. The property is located at 80 Greenville Avenue in Johnston, Rhode Island.
At approximately 4,000 square feet, the building is configured to serve both bar and food service uses within a strip plaza setting.
Key Highlights
- One‑level strip plaza built in 1987
- Updated property currently operated as a pub and pizza place
- Large parking lot
Local Financial Insights For Specialty Retail
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 | $72.0k | $18.00 |
| − Vacancy | −$7.4k | −$1.85 |
| EGI | $64.6k | $16.15 |
| − OpEx | −$16.1k | −$4.04 |
| NOI | $48.4k | $12.11 |
4,000 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$692.1K
$605.6K – $807.5K
NOI $48,449 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$645.1K
$564.5K – $752.6K
NOI $45,158 @ 7.0% cap · market cap 4.11%
Theoretical Best
Multifamily LT 5
$951.5K
$832.5K – $1.11M
NOI $66,602 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - One-level strip plaza is updated and currently operated as a pub and pizza place, with a large parking lot.
Where is this strip mall located?
The property is located at 80 Greenville Avenue Johnston Johnston, RI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: One‑level strip plaza built in 1987; Updated property currently operated as a pub and pizza place; Large parking lot
