Prime Lincoln location, 7600 sq ft office condo, multi-use potential.
Property size:
7,600 SF
Description
Added:
Feb 3, 2025
Days on Market:
339
This exceptional 7,600 square foot commercial condominium unit, located at 6 Blackstone Valley Place, Unit 301, in Lincoln, Rhode Island, presents a unique investment opportunity. The property is a single-level space comprised of two efficient units (301 and 301A) ideally suited for a variety of commercial uses. Situated just off George Washington Highway, the property benefits from high visibility and ample parking. Each unit features a reception area with administrative space, an executive wing, several private offices, restrooms, a kitchenette, substantial storage, and large conference rooms. Unit 301, currently available, includes nine exam rooms, each equipped with a sink, cabinets, and counter space, making it particularly well-suited for medical practices. All existing furniture and medical supplies are negotiable. The property's strategic location offers easy access to Interstate 295 and Route 146, placing it within minutes of the Lincoln Mall, various national retailers, schools, restaurants, Bally's Hotel and Casino, and other amenities. The monthly association fee of $2,400 covers exterior maintenance, water, sewer, and master insurance. This property offers a compelling combination of size, location, and versatility, making it an ideal choice for businesses seeking to expand or relocate. The 0.17-acre lot provides ample space for parking and convenient access.
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6 Blackstone Valley Pl Lincoln, RI 02865
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Realmo Value Estimation
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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.
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6 Blackstone Valley Pl Lincoln, RI 02865
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6 Blackstone Valley Pl, Lincoln, RI
Addy Sirypannho
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6 Blackstone Valley Pl, Lincoln, RI
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6 Blackstone Valley Pl, Lincoln, RI
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Addy Sirypannho
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