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Property profile & analytics
OFF-MARKET
Showrooms

256 Putnam Pike Smithfield, RI 02917-2702

9,992 SF 0.21 ac lot Built 1945
Individually Owned 3-yr Hold Free & Clear
Property ID
US76-0103411
Property summary
AI-generated overview

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
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,992 SF
Lot 0.21 ac (9,148 SF)
Zoning code HC
APN SMIT M:29 B:000 L:056 U:
UPID US76-0103411
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
Current use
Occupant on record · Public records
  • Advanced Laser Clinic And MedSpa Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joseph Ricci · 3 yrs held
Joseph Ricci
since 2023
Last sale
$245,000
2 recorded transactions
2023
Price N/A
2016
$245,000
Zoning & alternative use
HC · Smithfield, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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