Property profile

676 Putnam Pike Greenville, RI 02828

OFF-MARKET
Showrooms
Property ID
US76-0049958
1,920 SF 0.17 ac lot Built 1925
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,405 square foot commercial property, located at 676 Putnam Pike in Smithfield, Rhode Island, presents a unique investment opportunity. Situated on a sizable lot, this 1925-built structure offers a versatile space ready for immediate customization. The property's zoning allows for a variety of uses, including commercial, auto shop, restaurant, and bar operations. The existing building provides a solid shell, ready to be transformed to meet the specific needs of your business. Its prime location on Putnam Pike ensures high visibility and significant foot traffic, maximizing potential for success. The single-unit building sits on a 7,405 square foot lot, offering ample space for expansion or outdoor amenities. This is an ideal opportunity for an entrepreneur seeking a high-traffic location with the potential for significant return on investment. The asking price is $499,900. Don't miss this chance to establish your business in a thriving Rhode Island community. The property is zoned to accommodate a wide range of commercial uses, making it an adaptable and valuable asset. The existing structure provides a solid foundation for your vision, minimizing initial build-out costs. This is a rare opportunity to acquire a well-located commercial property in a desirable market.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,920 SF
Lot 0.17 ac (7,405 SF)
Zoning code MU
APN SMIT M:04 B:000 L:007 U:
UPID US76-0049958

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

676 Putnam Pike Greenville, RI 02828-1446
Greenville metro Census 12702 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2022
Last sale
$50,000
6 recorded transactions
2022
Price N/A
2009
Price N/A
2009
Price N/A
2001
$50,000
1996
Price N/A
1990
$300,000

Zoning & alternative use

MU · Greenville, RI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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