Incredible Investment Opportunity Two Adjacent Properties Sold as a Package | 148 & 152 Putnam Ave, Johnston, RI Two neighboring properties in a high-traffic area of Johnston offer strong residential and commercial income. 148 Putnam Ave is a renovated two-family home on a spacious 1.23-acre lot leaving potential for future development. Each side features a townhouse-style 1 bed, 1.5 bath unit with private entrance, full basement, and shared covered deck. Ample parking and a detached garage provide added rental potential. Great long-term tenants in place. 152 Putnam Ave is a commercial building currently leased to a successful salon (business not for sale). The tenant is interested in staying. The building features approx. 1, 956 sq ft across two levels, central air, updated fire alarm system, and 3, 500 sq ft of paved parking. Salon equipment and inventory not included. Zoned B1, both properties are located in a commercially active area with excellent visibility and access. A rare chance to own a mixed-use investment package with strong upside potential. Showings by appointment only. Do not disturb tenants.Show Description MLS® Number1391428
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage1.43
ExteriorDeck, Paved Driveway
GarageYes
Approx. Age1951
BasementFull, Interior Entry, Unfinished
DrivewayDetached, Garage
Garage Spaces
HeatBaseboard, Forced Air, Gas, Hot Water
A/CNone, Partial, Central Air
Heating Fuel
Central Air is only in the salon. Separate parking for the 2 family and commercial building. Possible uses for commercial building include but not limited to professional office, real estate, insurance agency, restaurant, barber shop, beautician, shoe repair, cleanser, laundry pickup, coin-operated laundry, printing and photo shop, tailor, photo studio, interior decorating shop, catering services, radio, television, or appliance repair, veterinary office or animal hospital, grocery, bakery, drug, dairy product store, egg and poultry store, delicatessen store, meat, fish and seafood store, garden supply store, florist shop, package liquor store.
