620 Killingly St - Restaurant FOR SALE


Johnston, RI 02919
$899,900 USD
401-383-8411
620 Killingly St, Johnston, RI for Sale
$899,900 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

620 Killingly St
Johnston, RI 02919


HIGHLIGHTS

  • Newly paved and lined parking lot
  • Newer heating systems in both buildings
  • Fully up to date on security and fire code compliance

OVERVIEW

This turnkey, four-unit commercial property three commercial units and one residential unit is fully occupied and offers immediate, diversified income. The property sits on a generous 13,068 sq. ft. lot with newly paved and lined parking for 19 vehicles, and is fully up to date on security and fire code compliance. Both buildings feature newer heating systems. The single-level building features a double unit currently leased to a pizza and pasta restaurant (Tenant 1), with 5 years remaining on the lease providing stable, long-term income. The second building is a versatile up-and-down, mixed-use structure with month-to-month tenants: a small business occupies the first-floor commercial unit (Tenant 2), while a residential apartment sits above on the second floor (Tenant 3). This front building features a solid Trex stairway for durable, low-maintenance access. With diversified income streams, ample on-site parking, full occupancy, and turnkey maintenance already in place, this is a fantastic opportunity for investors seeking a well-rounded, income-producing property.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$266 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

Commercial

APN/PARCEL ID

JOHN-000015-000000-000288

ASK ABOUT THIS PROPERTY

Ed WestRE/MAX PreferredMore Info
401-383-8411

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Ed WestRE/MAX PreferredMore Info
401-383-8411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.