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2 Douglas Pike 3,100 SF 100% Leased Office Building Smithfield, RI 02917 $649,900 ($209.65/SF) 6.92% Cap Rate
Investment Highlights
- Plenty of Parking
- Overlooking Water-Twin Rivers.
- Sewers Available
- Great Exposure
- Near all Highways
Executive Summary
NEW PRICE! Smithfield Mixed-Use Investment – Prime Lakeside Location Unlock a rare opportunity in the lakeside gateway to Smithfield with this 2,500+ sq. ft. mixed-use building. With broad zoning potential, this property offers multiple income-generating possibilities, including restaurant, office, or retail concepts. Key Investor Highlights: Versatile floor plan ideal for multi-tenant or mixed-use configurations Town sewer access supporting long-term growth Easement to Ridge Road, enhancing development flexibility High-visibility location in one of Smithfield’s most active gateways Whether you’re looking to diversify your portfolio or establish a long-term hold in a thriving market, this property offers an attractive combination of location, utility, and future upside. Property also includes a third-floor residential tenant with an existing one-year lease expiring in October 2026.
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- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,100 SF
Building Class
C
Year Built
1974
Price
$649,900
Price Per SF
$209.65
Cap Rate
6.92%
NOI
$44,994
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,033 SF
Slab To Slab
10’
Building FAR
0.14
Lot Size
0.52 AC
Zoning
PD - Planned District-Planned Development.
Parking
18 Spaces (9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
Property Taxes
| Parcel Number | SMIT-000042-000000-000040A | Improvements Assessment | $143,200 |
| Land Assessment | $195,400 | Total Assessment | $338,600 |
Property Taxes
Parcel Number
SMIT-000042-000000-000040A
Land Assessment
$195,400
Improvements Assessment
$143,200
Total Assessment
$338,600
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2 Douglas Pike
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