256 Putnam Pike Smithfield, RI 02917-2702
This exceptional commercial property, located at 256 Putnam Pike in Smithfield, Rhode Island, presents a unique investment opportunity. Situated on a sizable 9,147 square foot lot, this property boasts a versatile 4,000 square foot building constructed in 1945. The building is a two-story structure, currently offering an open layout adaptable to a wide range of commercial uses. Its zoning allows for diverse applications, including but not limited to: auto shop, storefront retail, traditional office space, distribution center, shopping center component, warehouse, manufacturing, automotive repair, automotive dealership, automotive parts sales, and construction/contractor businesses. The property's location on the Smithfield/Johnston town line ensures high visibility and traffic exposure, making it an ideal location for businesses seeking strong foot traffic and convenient access. The asking price is $12 million. The property consists of one building and one unit, offering significant potential for development and customization to meet the specific needs of a variety of businesses. This is a rare opportunity to acquire a substantial commercial property in a thriving Rhode Island location. The property's versatility and prime location make it an attractive investment for both established businesses and entrepreneurs seeking to establish a presence in a high-traffic area. The property's zip code is 02917.
-
Advanced Laser Clinic And MedSpa Skin Care Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
HC · Smithfield, RISmithfield. 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.