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55 Douglas Pike 18,000 SF 100% Leased Retail Building Smithfield, RI 02917 $5,900,000 ($327.78/SF) 3.52% Cap Rate
EXECUTIVE SUMMARY
An exceptional investment opportunity in the heart of Smithfield, RI. This mixed-use property offers 13,080± rentable square feet situated on a 1.71-acre lot with outstanding visibility and access. This well-maintained asset benefits from a strong tenant mix and consistent occupancy. With its drive-thru unit, elevator, and prominent location, the property caters to both local and regional businesses. Positioned along a highly traveled corridor with easy access to major highways, the site provides long-term investment stability and upside potential.
Key Features:
Fully leased, stabilized investment property
Mixed-use building with retail and office tenants
Drive-thru unit in place
Elevator-served building for accessibility
Ample on-site parking for tenants and visitors
Excellent visibility on Douglas Pike, a high-traffic corridor
Key Features:
Fully leased, stabilized investment property
Mixed-use building with retail and office tenants
Drive-thru unit in place
Elevator-served building for accessibility
Ample on-site parking for tenants and visitors
Excellent visibility on Douglas Pike, a high-traffic corridor
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
18,000 SF
Building Class
B
Year Built
2007
Price
$5,900,000
Price Per SF
$327.78
Cap Rate
3.52%
NOI
$207,588
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
2.01 AC
Zoning
C- Commercial
Parking
74 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
527’ on Douglas Pike
AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | SMIT-000040-000000-000446 | Improvements Assessment | $2,088,500 |
| Land Assessment | $304,000 | Total Assessment | $2,392,500 |
PROPERTY TAXES
Parcel Number
SMIT-000040-000000-000446
Land Assessment
$304,000
Improvements Assessment
$2,088,500
Total Assessment
$2,392,500
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Presented by
Garwaine Realty, Inc.
55 Douglas Pike
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