39 Greenville Ave, Johnston, RI 02919
For Sale
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This exceptional investment opportunity presents a thriving strip center strategically located at a bustling intersection in Johnston, Rhode Island, offering convenient highway access. The property boasts a substantial 14,023 square feet of space distributed across two buildings situated on a half-acre lot. The diverse tenant mix includes four residential units, four to five retail spaces, and three commercial/warehouse units, all currently generating rental income with many tenants holding multi-year leases. The potential for further development is significant, with ample room to subdivide existing units and create additional rental spaces to increase revenue streams. The property's high occupancy rate and established tenant base provide immediate cash flow and a strong foundation for future growth. The expansive parking lot comfortably accommodates over 20 vehicles, ensuring convenient access for tenants and customers. This well-maintained property presents a rare opportunity to acquire a high-performing commercial asset in a prime Johnston location with excellent visibility and accessibility. The combination of residential, retail, and commercial/warehouse units creates a diversified income stream, mitigating risk and maximizing return on investment. This is an ideal opportunity for investors seeking a stable, high-yield property with significant upside potential. The property's location at a busy intersection and its proximity to major roadways guarantee high traffic counts and excellent visibility, attracting a wide range of potential tenants.
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
B2 · Johnston, RIJohnston. 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.