689 Putnam Pke Pike Glocester, RI 02814
This exceptional 14-acre property in Glocester, Rhode Island, presents a unique investment opportunity. Boasting 760 feet of frontage, the land is zoned for both commercial and residential use, offering significant flexibility. The property includes a meticulously maintained, three-story, 2300 sq ft Cape-style home, completely rebuilt from 2018-2020. This stunning residence features four bedrooms, three bathrooms, hardwood floors, a modern kitchen with granite countertops and an island, a vaulted living room with a fireplace and wood stove, a first-floor bedroom and bath, a second-floor laundry room, and a luxury master suite with a private balcony and ensuite bathroom. A large garage with a 12-foot ceiling is wired for a generator and welder. The home benefits from efficient propane heat and hot water, forced air, and central air conditioning. A walk-out basement adds further utility. The property also features a new conventional septic system and well (2021). Its convenient location near Smithfield (Route 295) and Chepachet village, coupled with the highly-rated Ponagansett school system, adds to its appeal. The substantial lot size (609,840 sq ft) and ample frontage offer potential for subdivision. The property's rear abuts 80 acres of conserved land, providing privacy and access to recreational opportunities. The asking price is $599,999. This property is ideal for a business owner needing storage or sales space, combined with a luxurious home. Schedule a showing to appreciate the full potential of this remarkable offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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