653 Killingly StJohnston, RI 02919

This exceptional mixed-use property, located at 653 Killingly Street in Johnston, Rhode Island, presents a compelling investment opportunity. The 3,040 square foot building, constructed in 2003, boasts a prime location on a highly visible corner lot with ample parking (12 spaces). Currently operating at 100% occupancy with two retail tenants and one residential unit, this Class A property offers a strong pro-forma NOI of $43,162 and a 7.21% cap rate. The building features separate gas and electric utilities for each of the three units, low-maintenance siding, central air conditioning, and underground utilities. Its B2 zoning allows for a wide range of potential uses. The property includes 9,583 square feet of land and is conveniently situated near Routes 6 and 295, ensuring high daily traffic counts and excellent business exposure. The asking price is $599,000, translating to $197.04 per square foot. Seller financing is available. This is a turnkey investment ideal for an owner-user seeking a diversified portfolio or a savvy investor looking for strong returns. The building is well-maintained and offers significant upside potential. The current lease type is gross, and the building is a multi-tenant property with a remaining lease term of zero years.