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    6-40 Gooding Ave Bristol, RI 02809

    Sponsored
    For Lease
    $14 SF/Yr

    Prime RI Retail Space Available

    Lot size:
    80,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Bristol Shopping Center, located at 6-40 Gooding Avenue in Bristol, Rhode Island (zip code 02809), offers a unique retail investment opportunity. This 80,000 square foot shopping center, built in 1990, features a variety of spaces suitable for various retail businesses. Currently, there are three suites available, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 2,800 square feet. A total of 5,200 square feet is currently vacant. The property sits on a 1.8-acre lot and provides "plenty of storefront parking" for customers. The center's configuration includes inline, end-cap, and potential pad site options. There's a significant opportunity for a ground lease on up to 1.8 acres of cleared, level land. Additionally, the property presents potential for future pad sites at the front, ideal for restaurants with drive-thru capabilities. This location in Bristol County offers excellent visibility and accessibility for businesses seeking a strong presence in this thriving Rhode Island community. The property is categorized as a retail shopping center/strip center with multiple tenancies.

    Property Features for 6-40 Gooding Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    80,000 SF
    Total Rate
    96666.67

    Building Details

    Year Built
    1990

    Unit(s) available at that property

    Space
    32 Gooding Avenue
    Size
    2,400 SF
    Rate per SF
    $14
    Space
    40 Goodling Avenue(1.8 Acres)
    Size
    0 SF
    Space
    8 Gooding Avenue
    Size
    2,800 SF
    Rate per SF
    $16

    HighLights

    • High‑traffic corner location at Hope Street & Gooding Avenue, with a 15,000+ daily traffic count.
    • End‑cap space available.
    • Three pad sites available, offering drive‑thru options.
    • Ample storefront parking.
    • Excellent street visibility.
    • Multiple suite sizes available, from 2,400 to 2,800 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -71.2788367
    Latitude
    41.6924157

    Nearby Comparable

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    Nearby Similar for Lease

    • $25 SF/Yr
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      Waterfront Restaurant Space on Thames

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      Industrial space for lease in Bristol, Rhode Island.
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    • $10 SF/Yr
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      Modern Manufacturing Warehouse Space

      Class A warehouse and manufacturing facility built in 2008.
      33 Broadcommon Rd, Bristol, RI 02809
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime RI Retail Space Available
    Where is this neighborhood center located?
    The property is located at 6-40 Gooding Ave Bristol, RI.
    What is the lease rate?
    The lease rate is $0.00-$16 SF/Yr.
    What are key features of this property?
    This property features: High-traffic corner location at Hope Street & Gooding Avenue, with a 15,000+ daily traffic count.; End-cap space available.; Three pad sites available, offering drive-thru options.
    Request Owner's contact information
    6-40 Gooding Ave Bristol, RI 02809
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    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
    6-40 Gooding Ave Bristol, RI 02809
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