117 Putnam Pike, Johnston, RI 02919-7403
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 rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Johnston, RIJohnston. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.