1243 Atwood AveJohnston, RI 02919

Property Details for 1243 Atwood Ave

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.39 AC

Property size (Sq ft)

2,118 SF

Zone code

B2

Property type

Showrooms

APN

JOHN M:0024 L:108

APU

JOHNM0024L108

Description

This 2000-built Johnston, RI property, located at 1243 Atwood Avenue, offers a pristine 1-unit retail space ideal for an auto shop or storefront. The 16,988 square foot lot features a large bay with ample space, a paved driveway, and a locked fenced yard providing parking for over 30 vehicles. The building boasts a 15-18 foot ceiling height, large loading doors, a repair lift, and a Hunter 4-wheel alignment system (available for sale separately). Electrical infrastructure includes 400-amp circuit breakers, and the property benefits from a new central air and heating system. Utilities (heat, electricity, and water) are included in the $1400 monthly lease price. Its highly visible location in a high-traffic area, with convenient highway access, presents significant potential for various businesses. This is a must-see opportunity in Providence County, RI, zip code 02919.

• CAP approach

  CAP return

  Valuation

  6%

  $514,748

  6.5%

  $475,152

  7%

  $441,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $697,379

  Geo Method

  $697,379

• Alternative Use

  Use

  Valuation

  Residential

  $400,808

  Hospitality

  $367,138

  Educational

  $305,455

  Medical

  $315,960

  Retail

  $475,152

Location Insight

City

Johnston

County

Providence

State

Rhode Island

Latitude

41.8069

Longitude

-71.4919

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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