1350 Hartford AveJohnston, RI 02919

Property Details for 1350 Hartford Ave

Year built

1989

Construction

FRAME

Lot size

0.74 AC

Property size (Sq ft)

4,943 SF

Zone code

B2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

JOHN M:0020 L:008

APU

JOHNM0020L008

Description

This 5,600 sq ft building, located at 1350 Hartford Ave, Johnston, RI 02919, sits on a 1.35-acre lot (65,340 sq ft) with 60-85 parking spaces and a drive-thru. The property boasts 225-275 feet of frontage and is zoned B2 general business drive-thru, allowing for diverse uses. It features a 1200-amp power supply and is serviced by all underground utilities including public sewer, water, and gas. The building is currently vacant. This exceptional location is adjacent to a new Market Basket supermarket on Route 6, near the intersection of Routes 5 and 6, providing high visibility and accessibility. The property's APN is 20-8,306,307, and Providence County taxes are $15,000. There's potential for expansion, with the possibility of assembling adjacent sites for up to 3 acres of new development, including a potential 3-acre ground lease. Ideal for a variety of businesses, including but not limited to credit unions, daycares, automotive services, fast food restaurants, banks, and retail establishments. This site presents a unique opportunity for significant return on investment in a thriving Rhode Island market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,201,322

  6.5%

  $1,108,912

  7%

  $1,029,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,627,548

  Geo Method

  $1,627,548

• Alternative Use

  Use

  Valuation

  Residential

  $935,409

  Hospitality

  $856,830

  Educational

  $712,872

  Medical

  $737,389

  Retail

  $1,108,912

Location Insight

City

Johnston

County

Providence

State

Rhode Island

Latitude

41.8232

Longitude

-71.4967

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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