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    255 State St Bristol, RI 02809

    Sponsored
    For Sale
    $599,777

    High-Visibility Business Opportunity in Bristol, RI

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.32-acre commercial property at 255 State Street, Bristol, RI, presents a unique investment opportunity. Currently operating as a well-established automotive center since 1987, this 2,560 square foot building offers immense potential for diverse business ventures. The property boasts a prime corner location with excellent visibility and ample parking on a 13,875 square foot lot. Zoned LB, the property's versatility allows for a wide range of uses, making it ideal for various businesses. Imagine the possibilities: artisan workshops, such as woodworking, glassblowing, or stained glass studios

    Property Features for 255 State St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Watkinson's Automotive Auto Repair Shop

    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
    -71.26707
    Latitude
    41.67269

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Business Opportunity in Bristol, RI
    Where is this commercial real estate located?
    The property is located at 255 State St Bristol, RI.
    What is the asking price?
    The asking price for this property is $599,777.
    (401) 683-4900
    Request Owner's contact information
    255 State St Bristol, RI 02809
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    255 State St
    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
    255 State St Bristol, RI 02809
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