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    20 Pleasant St Cumberland, RI 02864

    For Sale
    $660,000

    Prime Location, High-Income Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property presents a lucrative investment opportunity in Cumberland, RI. Encompassing two lots (20 Pleasant Street - Lot 162 and 80 Eddy Street - Lot 348), this established auto body shop boasts over 15,000 square feet of space, ideal for continued operation or redevelopment. The 0.36-acre property features ample parking with over 30 outdoor spaces, plus oversized garages, providing significant operational capacity. The property benefits from a recently installed brand-new roof, completed in December 2021, ensuring long-term cost savings. Furthermore, the interior has undergone a complete cleaning and repainting, presenting a move-in ready condition. This turnkey operation is situated in a highly visible and successful location, offering immediate income potential. The seller is offering financing options, making this an even more attractive proposition for qualified buyers. This is a rare opportunity to acquire a well-established, high-performing business with significant potential for growth and return on investment. The property's size, location, and recent improvements combine to create a compelling investment package. Serious inquiries are encouraged to explore this exceptional opportunity further. Don't miss out on this chance to own a thriving business in a desirable location.

    Property Features for 20 Pleasant St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report 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
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.39337
    Latitude
    41.91098

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High-Income Potential
    Where is this commercial real estate located?
    The property is located at 20 Pleasant St Cumberland, RI.
    What is the asking price?
    The asking price for this property is $660,000.
    (401) 728-2770
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    20 Pleasant St Cumberland, RI 02864
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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
    20 Pleasant St Cumberland, RI 02864
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