Versatile 6-Bay Garage
80 Lonsdale Main Street Lincoln, RI 02865
80 Lonsdale Main Street, Lincoln, RI, 02865
$325,000
For Sale
$325,000
6-bay garage on 10,367 SF lot, ML05 zoning.
Property Size1,190 SF
Lot Size0.24 Acres
Price / SF$273.11
Days on Market263
Property Features for 80 Lonsdale Main Street
General Information
- Standard status
- Active
- Size
- 1,190 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
Keller Williams Leading Edge
(401) 347-3276
Listed by
Aaron Coutu · License #RES.0044787
(401) 347-3276
Source
Liongatere
Added: Oct 29, 2025 Checked: Jul 17 at 8:49 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Leading Edge
Investment Insights
Based on property information with market context.
This property features a 1,190 SF building with six garage bays, situated on a 10,367 SF lot. Zoned ML05 (Light Industrial), the property is suitable for automotive, contractor, or storage uses, offering flexibility for vehicles, equipment, or small business operations. The building includes six overhead doors and surrounding lot space for additional parking or outdoor storage. It is ideal for an owner-operator, investor, or tradesperson. The property is conveniently located near major highways and business corridors, providing easy access for deliveries, customers, and work vehicles. It has driveway access and exterior yard space. There is a deeded easement to get to the property.
Key Highlights
- 6‑Car Garage Bays: Offers significant space for vehicles, equipment, or business operations.
- ML05 Zoning (Light Industrial): Provides flexibility for automotive, contractor, or storage uses.
- Large 10,367 SF Lot: Ample space for parking, outdoor storage, or expansion.
Local 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 | $21.4k | $18.00 |
| − Vacancy | −$2.2k | −$1.87 |
| EGI | $19.2k | $16.13 |
| − OpEx | −$5.8k | −$4.84 |
| NOI | $13.4k | $11.29 |
1,190 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$191.9K
$167.9K – $223.9K
NOI $13,435 @ 7.0% cap · market cap 4.13%
Second Best
Flex RnD
$105.1K
$92.0K – $122.6K
NOI $7,357 @ 7.0% cap · market cap 2.26%
Theoretical Best
Multifamily LT 5
$283.1K
$247.7K – $330.2K
NOI $19,814 @ 7.0% cap · market cap 6.10%
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 For Sale Nearby
Similar Off Market Nearby
- Lincoln Auto Repair — Lincoln, RI 02865
- Cumberland Tire Center — 94 Broad St, Cumberland, RI 02864
- Handees Auto Electric & repair — 30 Meeting St, Cumberland, RI 02864
- David's Auto Repair — 102 Great Rd, Lincoln, RI 02865
- Larry's Lincoln Auto Repair — 420 great rd, lincoln, ri 02865
FAQs
What type of property is this?
Auto shop - 6-bay garage on 10,367 SF lot, ML05 zoning.
Where is this auto shop located?
The property is located at 80 Lonsdale Main Street Lincoln, RI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 6‑Car Garage Bays: Offers significant space for vehicles, equipment, or business operations.; ML05 Zoning (Light Industrial): Provides flexibility for automotive, contractor, or storage uses.; Large 10,367 SF Lot: Ample space for parking, outdoor storage, or expansion.
