653 Killingly StJohnston, RI 02919

Property Details for 653 Killingly St

Year built

2003

Construction

FRAME

Lot size

0.22 AC

Property size (Sq ft)

1,540 SF

Zone code

B2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

JOHN M:0014 L:066

APU

JOHNM0014L066

Description

This exceptional mixed-use building, constructed in 2003, presents a compelling investment opportunity in Johnston, Rhode Island. Situated on a highly visible 0.22-acre corner lot on Killingly Street, this property enjoys excellent proximity to major roadways, Routes 6 and 295, ensuring high traffic volume and prominent exposure for your businesses. The building features two ground-floor retail spaces, each equipped with its own signage, and a second-floor residential unit. All three units benefit from separate gas and electric utilities, minimizing operational complexities and maximizing efficiency. The building boasts ample wrap-around parking, a significant advantage for both tenants and customers. Low-maintenance siding and underground utilities further contribute to reduced upkeep costs. The property is fire-coded and equipped with central air conditioning, enhancing its appeal and functionality. Zoned B-2, this versatile property offers a wide range of potential uses, making it an ideal investment for discerning buyers seeking a strong return. Seller financing is available, making this opportunity even more attractive. The building's well-maintained condition and prime location combine to create a truly exceptional investment prospect in a thriving Rhode Island market. High daily car counts on Killingly Street guarantee significant visibility for your businesses. Don't miss this chance to acquire a profitable and strategically located mixed-use property.

• CAP approach

  CAP return

  Valuation

  6%

  $374,274

  6.5%

  $345,483

  7%

  $320,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $507,065

  Geo Method

  $507,065

• Alternative Use

  Use

  Valuation

  Residential

  $291,428

  Hospitality

  $266,947

  Educational

  $222,097

  Medical

  $229,735

  Retail

  $345,483

Location Insight

City

Johnston

County

Providence

State

Rhode Island

Latitude

41.8303

Longitude

-71.4729

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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