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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,377 SF
Building Class
C
Year Built
1965
Price
$1,261,597 CAD
Price Per SF
$373.59 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.26
Lot Size
0.30 AC
Zoning
Commercial
Parking
19 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
87’ on Killingly St

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Stop & Shop
Citizens Bank
Key Food
Market Basket

Property Taxes

Property Taxes

Parcel Number
JOHN-000015-000000-000288
Land Assessment
$201,028 CAD
Improvements Assessment
$363,592 CAD
Total Assessment
$564,620 CAD
  • Listing ID: 41337799

  • Date on Market: 2026-07-17

  • Last Updated:

  • Address: 620 Killingly St, Johnston, RI 02919

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