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    1943 Putnam Pike Glocester, RI 02814

    Sponsored
    For Sale
    Contact for pricing

    Two Shops, 34,412 SF Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1943 Putnam Pike in Glocester, Rhode Island, presents a unique investment opportunity. The property encompasses a substantial 34,412 square-foot lot and features two distinct shops, ideal for automotive-related businesses. One shop boasts three garage bays, a lift, a restroom, and office space, currently available for $3,300 per month. The second shop includes two garages and a paint booth, with the potential for additional office space on the second floor

    Property Features for 1943 Putnam Pike

    General Information

    Property type
    Automotive properties

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • 34,412 square‑foot lot in Glocester, RI.
    • Two shops ideal for automotive businesses.
    • Shop 1: Three garage bays, lift, restroom, office space; $3,300/month rent.
    • Shop 2: Two garages, paint booth, potential second‑floor office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Kitchen & Bath Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Glocester
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.7377436
    Latitude
    41.9213924

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    FAQs

    What type of property is this?
    Automotive property - Two Shops, 34,412 SF Lot
    Where is this automotive property located?
    The property is located at 1943 Putnam Pike Glocester, RI.
    What is the asking price?
    The asking price for this property is $5,000.
    What are key features of this property?
    This property features: 34,412 square-foot lot in Glocester, RI.; Two shops ideal for automotive businesses.; Shop 1: Three garage bays, lift, restroom, office space; $3,300/month rent.
    Request Owner's contact information
    1943 Putnam Pike Glocester, RI 02814
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    Glocester, RI 02814
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1943 Putnam Pike Glocester, RI 02814
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