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    Putnam Pike Smithfield, RI 02814

    For Sale
    $1,590,000

    63+ Acres, Business Zoning Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 63+ acre property, located at 0 Putnam Pike in Glocester, Rhode Island (zip code 02814), presents a unique investment opportunity. Currently zoned partially residential and partially business, an application is pending to reclassify the entire parcel to 100% business zoning, unlocking the potential for over 30 individual business lots. The property boasts a substantial 2,747,329 square foot lot size, ideal for large-scale development. A completed survey and preliminary engineering/subdivision plan are already in hand, streamlining the development process. The property is currently undergoing active development, with heavy machinery in use. For directional purposes, please use 2380 Putnam Pike, Glocester, RI 02814. This offering includes the possibility of partial owner financing for qualified buyers. Please note: Unauthorized entry onto the property is strictly prohibited. The property is listed at $1,590,000 and was built in 2024. This is a rare opportunity to acquire a significant land parcel with substantial development potential in a growing Rhode Island market.

    Property Features for 0 Putnam Pike

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    2024

    HighLights

    • $1,590,000 asking price.
    • 63+ acre land parcel in Glocester, RI.
    • Zoned partially residential and partially business, with potential for 100% business zoning and over 30 lots.
    • Existing survey and preliminary engineering/subdivision plans available.
    • Partial owner financing considered.
    • Heavy machinery on‑site; do not enter without permission.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5798403
    Latitude
    41.8821492

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    FAQs

    What type of property is this?
    Office Property / Space - 63+ Acres, Business Zoning Potential
    Where is this office property / space located?
    The property is located at Putnam Pike Smithfield, RI.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: $1,590,000 asking price.; 63+ acre land parcel in Glocester, RI.; Zoned partially residential and partially business, with potential for 100% business zoning and over 30 lots.
    Request Owner's contact information
    Putnam Pike Smithfield, RI 02814
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    Smithfield, 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
    Putnam Pike Smithfield, RI 02814
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