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 $866,453 CAD ($285 CAD/SF) 7.21% Cap Rate
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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$83,318
|
$27.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,318
|
$27.41
|
| Taxes |
$12,807
|
$4.21
|
| Operating Expenses |
$8,077
|
$2.66
|
| Total Expenses |
$20,885
|
$6.87
|
| Net Operating Income |
$62,434
|
$20.54
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $83,318 |
| Annual Per SF | $27.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $83,318 |
| Annual Per SF | $27.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,807 |
| Annual Per SF | $4.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,077 |
| Annual Per SF | $2.66 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,885 |
| Annual Per SF | $6.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $62,434 |
| Annual Per SF | $20.54 |
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
$866,453 CAD
Price Per SF
$285 CAD
Cap Rate
7.21%
NOI
$62,434 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.32
Lot Size
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 Line
- 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)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | JOHN-000014-000000-000066 | Total Assessment | $460,862 CAD |
| Land Assessment | $177,320 CAD | Annual Taxes | $12,807 CAD ($4.21 CAD/SF) |
| Improvements Assessment | $283,541 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
JOHN-000014-000000-000066
Land Assessment
$177,320 CAD
Improvements Assessment
$283,541 CAD
Total Assessment
$460,862 CAD
Annual Taxes
$12,807 CAD ($4.21 CAD/SF)
Tax Year
2024
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Highly Visible Mixed Use | 653 Killingly St
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