1943 Putnam Pike Glocester, RI 02814
For Sale
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This exceptional 3,520 sq ft retail property, situated on a 34,412 sq ft lot, presents a unique investment opportunity. The two-story building, featuring a total of 75 parking spaces, is ideally suited for automotive businesses. Currently undergoing revitalization, with completion slated for July 1st, the property boasts two rentable shops. One shop includes three garage bays, a lift, restroom, and office space, available for $3,300 per month. The second shop offers two garages with a paint booth, and potential for second-floor office expansion, with pricing adjusted accordingly. The property is zoned 0020 and offers a fenced area for security, ample parking for up to 75 vehicles (with capacity for 25 unregistered and 50 registered/operable vehicles), and a license for auto body repair. Located on a high-traffic route near the Connecticut border, this over ¾ acre lot provides excellent visibility and accessibility. The property is available for lease as a whole ($5,000/month, $1.42 PSF) or individually. Showings are by appointment only; please do not trespass on the property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
20 · Chepachet, RIChepachet. 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.