676 Putnam PikeSmithfield, RI 02828

Property Details for 676 Putnam Pike

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

1,920 SF

Zone code

MU

Property type

Showrooms

APN

SMIT M:04 B:000 L:007 U:

APU

SMITM04B000L007U

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $466,627

  6.5%

  $430,733

  7%

  $399,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,185

  Geo Method

  $632,185

• Alternative Use

  Use

  Valuation

  Residential

  $363,339

  Hospitality

  $332,817

  Educational

  $276,900

  Medical

  $286,423

  Retail

  $430,733

Location Insight

City

Greenville

County

Providence

State

Rhode Island

Latitude

41.8758

Longitude

-71.5666

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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