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2 Douglas Pike 3,100 SF 100% Leased Office Building Smithfield, RI 02917 $886,730 CAD ($286.04 CAD/SF) 6.92% Cap Rate
Investment Highlights
- Plenty of Parking
- Overlooking Water-Twin Rivers.
- Sewers Available
- Great Exposure
- Near all Highways
Executive Summary
NEW PRICE! Smithfield Mixed-Use Investment – Prime Lakeside Location Unlock a rare opportunity in the lakeside gateway to Smithfield with this 2,500+ sq. ft. mixed-use building. With broad zoning potential, this property offers multiple income-generating possibilities, including restaurant, office, or retail concepts. Key Investor Highlights: Versatile floor plan ideal for multi-tenant or mixed-use configurations Town sewer access supporting long-term growth Easement to Ridge Road, enhancing development flexibility High-visibility location in one of Smithfield’s most active gateways Whether you’re looking to diversify your portfolio or establish a long-term hold in a thriving market, this property offers an attractive combination of location, utility, and future upside. Property also includes a third-floor residential tenant with an existing one-year lease expiring in October 2026.
Data Room Click Here to Access
- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,100 SF
Building Class
C
Year Built
1974
Price
$886,730 CAD
Price Per SF
$286.04 CAD
Cap Rate
6.92%
NOI
$61,390 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,033 SF
Slab To Slab
10’
Building FAR
0.14
Lot Size
0.52 AC
Zoning
PD - Planned District-Planned Development.
Parking
18 Spaces (9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
Property Taxes
| Parcel Number | SMIT-000042-000000-000040A | Improvements Assessment | $195,288 CAD |
| Land Assessment | $266,475 CAD | Total Assessment | $461,762 CAD |
Property Taxes
Parcel Number
SMIT-000042-000000-000040A
Land Assessment
$266,475 CAD
Improvements Assessment
$195,288 CAD
Total Assessment
$461,762 CAD
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2 Douglas Pike
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