653 Killingly St Johnston, RI 02919
- Showrooms
- 1,540 SF
- 0.22 lot acres
Current Use by Public Records
- Showrooms
Property Details for 653 Killingly St
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 0.22 lot acres
- Property size
- 1,540 SF
- Zone code
- B2
- Property type
- Showrooms
- APN
- JOHN M:0014 L:066
- APU
- JOHNM0014L066
Description
This exceptional mixed-use building, constructed in 2003, presents a compelling investment opportunity in Johnston, Rhode Island. Situated on a highly visible 0.22-acre corner lot on Killingly Street, this property enjoys excellent proximity to major roadways, Routes 6 and 295, ensuring high traffic volume and prominent exposure for your businesses. The building features two ground-floor retail spaces, each equipped with its own signage, and a second-floor residential unit. All three units benefit from separate gas and electric utilities, minimizing operational complexities and maximizing efficiency. The building boasts ample wrap-around parking, a significant advantage for both tenants and customers. Low-maintenance siding and underground utilities further contribute to reduced upkeep costs. The property is fire-coded and equipped with central air conditioning, enhancing its appeal and functionality. Zoned B-2, this versatile property offers a wide range of potential uses, making it an ideal investment for discerning buyers seeking a strong return. Seller financing is available, making this opportunity even more attractive. The building's well-maintained condition and prime location combine to create a truly exceptional investment prospect in a thriving Rhode Island market. High daily car counts on Killingly Street guarantee significant visibility for your businesses. Don't miss this chance to acquire a profitable and strategically located mixed-use property.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $290,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $465,000
- 6.5%
- $430,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $431,000
- AI Estimate
- $258,000
Market price range: $107k - $432kMarket price range: $83.8k - $258k
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Location Insight
- Map
- Local Demand
- City
- Johnston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4729
- Latitude
- 41.8303
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA