659 Killingly St - Restaurant FOR SALE


Johnston, RI 02919
$649,000 USD
401-281-8491
659 Killingly St, Johnston, RI for Sale
$649,000 USD
Restaurant - FOR SALE
1/30
null | Request Cap Rate

659 Killingly St
Johnston, RI 02919


OVERVIEW

659 KILLINGLY STREET IS POSITIONED ON A HEAVILY TRAFFICKED MAIN ROAD IN JOHNSTON NEAR THE BORDER OF BOTH NORTH PROVIDENCE AND PROVIDENCE. ZONED B-2 THE OPTIONS ARE ENDLESS. "JOHNA'S RESTAURANT" OPERATED IN THIS BUILDING FOR YEARS AS A PROFITABLE BUSINESS. THE SECOND LEVEL (1,114 SQ. FT.) IS CURRENTLY USED AS AN OFFICE--EASY CONVERSION TO (1) THREE BEDROOM UNIT (FULL BATHROOM ALREADY EQUIPPED). ANOTHER OPPORTUNITY TO CONVERT THE ENTIRE BUILDING TO UP TO FOUR RESIDENTIAL UNITS. LOT IS SUBDIVIDABLE FOR ANOTHER DUPLEX. RESTAURANT EQUIPMENT INCLUDED IN SALE. BUYER TO CONDUCT DUE DILIGENCE. BUILDING IS IN GREAT CONDITION. INCLUDED ARE KITCHEN AND RESTAURANT ASSETS. MAINTENANCE SCHEDULE OUTLINES UPDATED LIKE NEW BOILER (2023), NEW ROOF (2015), NEW WINDOWS (2015), NEW ELECTRIC (2015). GREAT OPPORTUNITY TO OPERATE RESTAURANT, BUILD-OUT FOR RESIDENTIAL RENTAL INCOME, UTILIZE FLEXIBLE B2 ZONING, AND POTENTIALLY SUBDIVIDE AND DEVELOP THE BACK LOT. For Information or to schedule a showing Call/text Ronnie 401-500-1505 or email ron@smithoakre.com

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,677 SF

ZONING

B2

APN/PARCEL ID

JOHN-000014-000000-000027

ASK ABOUT THIS PROPERTY

Milissa LutzSmith and Oak Real Estate Co.More Info
401-281-8491

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Milissa LutzSmith and Oak Real Estate Co.More Info
401-281-8491

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