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    OFF-MARKET
    Investment properties

    117 Putnam Pike, Johnston, RI 02919-7403

    3,779 SF 0.06 ac lot Built 1917
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US76-0331014
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1917
    Construction FRAME
    Total area 3,779 SF
    Lot 0.06 ac (2,720 SF)
    Zoning code B2
    APN JOHN M:0039 L:041
    UPID US76-0331014
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tellez Innovation LLC · 4 yrs held
    Tellez Innovation LLC
    since 2021
    Last sale
    $220,000
    7 recorded transactions
    2021
    $220,000
    2021
    2019
    $250,000
    2018
    2017
    1969
    1969
    Zoning & alternative use
    B2 · Johnston, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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