2842 Hartford AveJohnston, RI 02919

Property Details for 2842 Hartford Ave

Year built

1925

Lot size

0.72 AC

Property size (Sq ft)

1,517 SF

Zone code

B2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

JOHN M:0057 L:042

APU

JOHNM0057L042

Description

This exceptional commercial property at 2842 Hartford Avenue presents a unique investment opportunity. The single-tenant building sits on a substantial 31,363.2 square foot lot, zoned B-2, offering significant flexibility for a variety of uses. The property is ideally suited for retail, food service, office space, or personal service businesses such as hair or nail salons. The building itself boasts ample parking with 12 spaces available, ensuring convenient access for customers and employees. Its strategic location provides high visibility and easy access to major highways, guaranteeing significant foot and vehicle traffic. The property's single-tenant occupancy simplifies management and provides a stable income stream. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving area. The substantial lot size allows for potential expansion or redevelopment, catering to future business growth. The B-2 zoning provides a wide range of permitted uses, maximizing the property's potential return on investment. Don't miss this chance to secure a prime commercial location with excellent visibility and accessibility. The property's existing infrastructure and ample parking make it an attractive option for a variety of businesses seeking a high-traffic location. This is a turnkey opportunity for immediate occupancy and potential for long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $250,805

  6.5%

  $231,513

  7%

  $214,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $198,211

  Geo Method

  $198,211

• Alternative Use

  Use

  Valuation

  Residential

  $287,076

  Hospitality

  $262,960

  Educational

  $218,779

  Medical

  $226,304

  Retail

  $340,324

Location Insight

City

Johnston

County

Providence

State

Rhode Island

Latitude

41.8338

Longitude

-71.562

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].