1943 Putnam PikeGlocester, RI 02814

Property Details for 1943 Putnam Pike

Year built

1940

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

2,560 SF

Zone code

20

Property type

Other commercial real estate

Property subtype

Showrooms

APN

GLOC M:007 B:075

APU

GLOCM007B075

Description

This exceptional 3,520 sq ft retail property, situated on a 34,412 sq ft lot, presents a unique investment opportunity. The two-story building, featuring a total of 75 parking spaces, is ideally suited for automotive businesses. Currently undergoing revitalization, with completion slated for July 1st, the property boasts two rentable shops. One shop includes three garage bays, a lift, restroom, and office space, available for $3,300 per month. The second shop offers two garages with a paint booth, and potential for second-floor office expansion, with pricing adjusted accordingly. The property is zoned 0020 and offers a fenced area for security, ample parking for up to 75 vehicles (with capacity for 25 unregistered and 50 registered/operable vehicles), and a license for auto body repair. Located on a high-traffic route near the Connecticut border, this over ¾ acre lot provides excellent visibility and accessibility. The property is available for lease as a whole ($5,000/month, $1.42 PSF) or individually. Showings are by appointment only; please do not trespass on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $622,169

  6.5%

  $574,310

  7%

  $533,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $842,914

  Geo Method

  $842,914

• Alternative Use

  Use

  Valuation

  Residential

  $484,452

  Hospitality

  $443,756

  Educational

  $369,199

  Medical

  $381,897

  Retail

  $574,310

Location Insight

City

Chepachet

County

Providence

State

Rhode Island

Latitude

41.9215

Longitude

-71.738

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].