1478 Atwood AveJohnston, RI 02919

Property Details for 1478 Atwood Ave

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.63 AC

Property size (Sq ft)

20,640 SF

Zone code

B2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

JOHN M:0044 L:097

APU

JOHNM0044L097

Description

This vibrant Johnston, RI retail plaza, located at the corner of Atwood and Hartford Avenues, offers multiple storefront spaces within a larger 25,226 square foot building. The property boasts a highly visible location, ample parking, and is conveniently situated minutes from Routes 6 and 295, ensuring high traffic volume. Currently, 3,400 square feet of retail space is available, divisible into units ranging from 1,200 to 2,400 contiguous square feet. Individual units sized between 800 and 1,000 square feet are also available for lease. The two-story building sits on a 0.78-acre lot in Providence County, and is part of a well-established retail center with many long-term tenants. This prime retail space is ideal for a variety of businesses, offering bright, open floor plans suitable for retail or professional office use. A free month's rent is offered with a minimum three-year lease. The property features marquis signage for excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $5,016,240

  6.5%

  $4,630,376

  7%

  $4,299,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,795,992

  Geo Method

  $6,795,992

• Alternative Use

  Use

  Valuation

  Residential

  $3,905,895

  Hospitality

  $3,577,779

  Educational

  $2,976,670

  Medical

  $3,079,042

  Retail

  $4,630,376

Location Insight

City

Johnston

County

Providence

State

Rhode Island

Latitude

41.8227

Longitude

-71.499

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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