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197 Putnam Pike 8,476 SF 100% Leased Retail Building Johnston, RI 02919 $789,500 ($93.15/SF) 8.05% Cap Rate
Executive Summary
8,500 SF Commercial building on high traffic Route 44. Great visibility. Corner lot. Fully occupied by 3 tenants with leases in place. 5 overhead doors. Convenient access to 295. B2 Zoning.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,476 SF
Building Class
C
Year Built
1940
Price
$789,500
Price Per SF
$93.15
Cap Rate
8.05%
NOI
$63,548
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
5 Exterior
Building FAR
0.72
Lot Size
0.27 AC
Zoning
B2 - Business
Parking
16 Spaces (1.89 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $320,500 | |
| Land Assessment | $95,400 | Total Assessment | $415,900 |
Property Taxes
Parcel Numbers
Land Assessment
$95,400
Improvements Assessment
$320,500
Total Assessment
$415,900
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197 Putnam Pike