Highly Visible Mixed Use | 653 Killingly St
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Highly Visible Mixed Use 653 Killingly St
3,040 SF 100% Leased Retail Building Johnston, RI 02919 £468,688 (£154/SF) 7.21% Net Initial Yield
Investment Highlights
- High Visibility
- Young Building w/Ample Parking & Many Potential Uses
- Moments to Route 6 & I-295
Executive Summary
This young Mixed-Use building is set on highly visible Killingy Street just moments to Route 6 & 295. Featuring two 1st floor retail units and a second floor residential unit. Built in 2003 this well-maintained building offers wrap around ample parking, signage for both retail units, separate gas & electric utilities for all 3 units, low maintenance siding, fire coded, central air, underground utilities & more. Great visibility, corner lot and high daily car counts for your business(s) exposure. Zoned B-2, which offers many potential uses! Seller financing available.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£45,069
|
£8.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£45,069
|
£8.54
|
| Taxes |
£6,928
|
£1.31
|
| Operating Expenses |
£4,369
|
£0.83
|
| Total Expenses |
£11,297
|
£2.14
|
| Net Operating Income |
£33,772
|
£6.40
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £45,069 |
| Annual Per SF | £8.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £45,069 |
| Annual Per SF | £8.54 |
| Taxes | |
|---|---|
| Annual | £6,928 |
| Annual Per SF | £1.31 |
| Operating Expenses | |
|---|---|
| Annual | £4,369 |
| Annual Per SF | £0.83 |
| Total Expenses | |
|---|---|
| Annual | £11,297 |
| Annual Per SF | £2.14 |
| Net Operating Income | |
|---|---|
| Annual | £33,772 |
| Annual Per SF | £6.40 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,040 SF
Building Class
B
Year Built
2003
Price
£468,688
Price Per SF
£154
Net Initial Yield
7.21%
NOI
£33,772
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
10 ft
Building FAR
0.32
Land Acres
0.22 AC
Zoning
B2 - B-2 Zoned. Many potential uses.
Parking
12 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Route
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Accent Lighting
- Storage Space
- Recessed Lighting
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | JOHN-000014-000000-000066 | Total Assessment | £252,575 |
| Land Assessment | £97,180 | Annual Taxes | £6,928 (£2.28/sf) |
| Improvements Assessment | £155,395 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
JOHN-000014-000000-000066
Land Assessment
£97,180
Improvements Assessment
£155,395
Total Assessment
£252,575
Annual Taxes
£6,928 (£2.28/sf)
Tax Year
2024
-
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RI Real Estate Services
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Highly Visible Mixed Use | 653 Killingly St
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