Established Auto Mechanic Shop For
1971 Victory Highway Burrillville, RI 02826
For Sale
$699,900
COMMERCIAL - Burrillville, RI
Property Size3,360 SF
Lot Size0.68 Acres
Price / SF$208.30
Days on Market112
Property Features for 1971 Victory Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- GC
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 50
- Exterior features
- Doors - 10-15 ft,Lighting
- Standard status
- Active
- Size
- 3,360 SF
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2835
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1986
- Floors in Building
- 2
Listing Agency:
RE/MAX Bell Park Realty
(860) 774-7600
Listed By:
Deborah Burlingame · License #SL3599520
(860) 207-1162
Added: Apr 7
Changed: Jul 26
Last Checked: Jul 27 at 6:06AM
MLS# 24165149
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, currently a fully operational auto mechanic shop, presents a prime opportunity in Glendale. Situated on a corner lot just off Victory Highway, the location benefits from excellent visibility, accessibility, and consistent traffic. The property features 3 bays, 3 lifts, 14x14 ft garage doors, and 15 1/2 ft ceilings. It also includes dedicated office space, heat detectors, and central air. The garage has forced air heating fueled by waste oil. Parking is available for 30-50 vehicles. The property is zoned commercial and offers excellent exposure. There is potential for a residential apartment above, offering added income or live/work flexibility. The property size is 3360 square feet, situated on a 0.68-acre lot. The property is located in Burrillville, RI.
Key Highlights
- 1986‑built commercial auto mechanic shop currently operating with 3 bays and 3 lifts
- 15 1/2 ft ceilings and 14x14 ft garage doors, plus central air and zoned heating
- Dedicated office space and heat detectors
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $18.00 |
| − Vacancy | −$6.3k | −$1.87 |
| EGI | $54.2k | $16.13 |
| − OpEx | −$16.3k | −$4.84 |
| NOI | $37.9k | $11.29 |
3,360 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$541.9K
$474.2K – $632.2K
NOI $37,933 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$250.5K
$219.2K – $292.2K
NOI $17,534 @ 7.0% cap · market cap 2.51%
Theoretical Best
Multifamily LT 5
$799.2K
$699.3K – $932.4K
NOI $55,946 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Joe's Auto Repair — Victory Hwy, Glendale, RI 02826
FAQs
What type of property is this?
Auto shop - Turn-key auto mechanic shop with excellent visibility and income potential.
Where is this auto shop located?
The property is located at 1971 Victory Highway Burrillville, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 1986‑built commercial auto mechanic shop currently operating with 3 bays and 3 lifts; 15 1/2 ft ceilings and 14x14 ft garage doors, plus central air and zoned heating; Dedicated office space and heat detectors
