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    93 Bay View Ave Bristol, RI 02809

    Sponsored
    For Sale
    $969,000

    Prime Bristol location, 5 units, great investment.

    Property size:
    4,673 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional investment opportunity presents a rare chance to acquire a five-unit multifamily property nestled in the heart of historic Bristol, Rhode Island. Situated at 93 Bay View Avenue, this property boasts a total of 4,673 square feet on a 0.14-acre lot. The building is fully compliant with fire codes, offering peace of mind for both owner and tenants. All units are currently in good condition, presenting immediate income potential or the opportunity for value-add renovations. The property enjoys the convenience of town water, sewer, and gas connections, simplifying operations and maintenance. Its enviable location places it within a short walking distance of the waterfront and Independence Park, providing residents with easy access to recreational amenities and scenic beauty. This property is ideally suited for investors seeking a strong return on investment in a desirable and established neighborhood. The combination of its prime location, solid construction, and existing rental income makes this a truly compelling opportunity. The property's size and layout offer flexibility for a variety of uses, making it an attractive option for both seasoned investors and those looking to expand their real estate portfolio. Don't miss this chance to secure a valuable asset in a thriving Rhode Island community. The asking price is $969,000.

    Property Features for 93 Bay View Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,673 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.27112
    Latitude
    41.67757

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Bristol location, 5 units, great investment.
    Where is this commercial real estate located?
    The property is located at 93 Bay View Ave Bristol, RI.
    What is the asking price?
    The asking price for this property is $969,000.
    (401) 333-4900
    Request Owner's contact information
    93 Bay View Ave Bristol, RI 02809
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    Bristol, RI 02809
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    93 Bay View Ave Bristol, RI 02809
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