117 Putnam PikeJohnston, RI 02919

Property Details for 117 Putnam Pike

Year built

1917

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

3,779 SF

Zone code

B2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

JOHN M:0039 L:041

APU

JOHNM0039L041

Description

This exceptional mixed-use property at 117 Putnam Pike in Johnston, Rhode Island, presents a compelling investment opportunity. The building, constructed in 1917, boasts a total of two units, strategically combining commercial storefront space on the first level with residential apartments on the second. Situated on a substantial 2,614 square foot lot, this property benefits from its high-traffic location on Putnam Pike, ensuring excellent visibility and accessibility. The asking price is $459,900. While the property requires some renovation, this presents a chance to add value and customize the space to meet your specific needs. The building consists of one structure. Financing options include cash or private financing, making this an accessible investment for various buyers. The property is readily available for showings, allowing for a quick and efficient due diligence process. This is an ideal opportunity for investors seeking a hands-on project with significant potential for return in a desirable Rhode Island location. The property's zip code is 02919, and it is located in Providence County.

• CAP approach

  CAP return

  Valuation

  6%

  $624,782

  6.5%

  $576,721

  7%

  $535,527

• Comparable approach

  Method

  Valuation

  Relative Method

  $493,764

  Geo Method

  $493,764

• Alternative Use

  Use

  Valuation

  Residential

  $715,135

  Hospitality

  $655,059

  Educational

  $545,002

  Medical

  $563,745

  Retail

  $847,781

Location Insight

City

Johnston

County

Providence

State

Rhode Island

Latitude

41.8634

Longitude

-71.4947

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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