Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Skin Care Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district is established to provide areas for regional and high intensity commercial retail uses, business/professional services, office buildings, and automotive uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HC · Smithfield, RIThis district is established to provide areas for regional and high intensity commercial retail uses, business/professional services, office buildings, and automotive uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district is established to provide areas for regional and high intensity commercial retail uses, business/professional services, office buildings, and automotive uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HC in Smithfield, RI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
and get 1 Light Report
- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning