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    840 Cumberland Hill Rd Woonsocket, RI 02895

    Sponsored
    For Sale
    $3,300,000

    3.5 Acres, 50,000+ SF, Strong Financials

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 50,000+ square foot industrial property, situated on a sprawling 3.51-acre lot in Woonsocket, Rhode Island, presents a compelling investment opportunity. Ideally located with convenient access to major roadways including Route 99, Route 146, and Interstate 295, ensuring seamless transportation and logistics. The property boasts a robust electrical system, rated for 600 volts and 1200 amps (3-phase), making it suitable for a wide range of industrial uses. Fifteen drive-in overhead doors, ranging from 8 to 16 feet in height, and one loading dock provide ample access for loading and unloading. The substantial building space is complemented by extensive parking and outdoor storage areas. Currently occupied by solid tenants, the property offers strong financial performance, even with some rents below market value, indicating significant upside potential for future income growth. This property is located within an Opportunity Zone, offering additional tax advantages for qualified investors. The combination of size, location, infrastructure, and existing tenancy makes this an exceptional opportunity for both business owners and investors seeking a high-return asset in a prime location. This is a rare chance to acquire a substantial industrial property with significant growth potential.

    Property Features for 840 Cumberland Hill Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    152,896 SF

    Building Details

    Year Built
    1932
    Property Profile Location Intelligence

    Current Use by Public Records

    Glycol Blending Services ... Waste Management Service Alexander & Co Real Estate Agency USA Insulation of Providence Insulation Contractor WM AUTO BODY Auto Body Shop Countertops by Superior, ... Countertop Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.48654
    Latitude
    41.99497

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    FAQs

    What type of property is this?
    Commercial real estate - 3.5 Acres, 50,000+ SF, Strong Financials
    Where is this commercial real estate located?
    The property is located at 840 Cumberland Hill Rd Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $3,300,000.
    (401) 333-4900
    Request Owner's contact information
    840 Cumberland Hill Rd Woonsocket, RI 02895
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    Woonsocket, RI 02895
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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
    840 Cumberland Hill Rd Woonsocket, RI 02895
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