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Property profile & analytics
OFF-MARKET
Investment properties

199 Putnam Pike Chepachet, RI 02814

2,615 SF 0.7 ac lot Built 1900
Individually Owned 1-yr Hold Free & Clear
Property ID
US76-0369012
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a unique chance to acquire a substantial mixed-use property situated at 199 Putnam Pike in Glocester, Rhode Island, zip code 02814. The property boasts a 21,385 square foot lot and features a three-story building constructed in 1900. The building, currently vacant, previously operated as an antique shop with a sizable two-level apartment above. Its strategic location on Route 44 in the Harmony area offers high visibility and convenient access. The property's proximity to the Harmony Library and Cooper Hill Office Complex, and its diagonal positioning across from the Harmony Fire Station, ensures a high-traffic location. A recent survey, soil report, and test hole location documentation are readily available for review. This property is being offered at $379,000 and is ideal for a variety of redevelopment projects. The sale is strictly cash or private financing only. Prospective buyers are responsible for conducting their own due diligence. The property is sold "as is." This is a rare opportunity to acquire a significant piece of real estate in a desirable location with considerable potential for future development.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 2,615 SF
Lot 0.7 ac (30,492 SF)
Zoning code 20
APN GLOC M:017 B:081
UPID US76-0369012
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
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Amauris Polanco · 1 yrs held
Amauris Polanco
since 2024
Last sale
$255,000
3 recorded transactions
2024
$255,000
2023
$150,000
1996
Price N/A
Zoning & alternative use
20 · Chepachet, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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