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    511 Broad St Cumberland, RI 02864

    Sponsored
    For Sale
    $495,000

    Mixed-use building, high visibility, great potential.

    Property size:
    1,225 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property, located at 511 Broad Street in Cumberland, Rhode Island, presents a compelling investment opportunity. The building, situated on a prominent corner lot at the intersection of Broad and Cumberland Streets, boasts high visibility due to its strategic location within a rapidly developing residential area. The 1,225 square foot building sits on a 0.32-acre lot encompassing four parcels totaling 13,613 square feet. The property's current configuration includes one retail space and one apartment, both currently occupied by month-to-month tenants. This provides immediate income potential with the flexibility to adapt the space to future needs. The building is conveniently connected to both gas and sewer lines, ensuring efficient utility access. Given its prime location and the ongoing residential growth in the surrounding area, this property offers significant upside potential for investors seeking a strong return on investment. The high visibility and versatile layout make it ideal for a variety of commercial uses. Serious inquiries only. Prior scheduling is required before any property visits or tenant contact.

    Property Features for 511 Broad St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,225 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1950
    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 Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.39742
    Latitude
    41.91393

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    FAQs

    What type of property is this?
    Commercial real estate - Mixed-use building, high visibility, great potential.
    Where is this commercial real estate located?
    The property is located at 511 Broad St Cumberland, RI.
    What is the asking price?
    The asking price for this property is $495,000.
    (401) 447-6062
    Request Owner's contact information
    511 Broad St Cumberland, RI 02864
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    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
    511 Broad St Cumberland, RI 02864
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