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    50 New River Rd Lincoln, RI 02838

    For Sale
    Contact for pricing

    Prime RI Location: Warehouse & Office Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 50 New River Road in Lincoln, Rhode Island, presents a unique investment opportunity. The 1.43-acre lot boasts a 62,290 square foot parcel situated directly on the Blackstone Valley Bike Path, offering high visibility and accessibility. The property includes a single-story, 1900-built building featuring two units totaling 2200 square feet of office and storage space. Recent upgrades include a new HVAC system and updated office space, ensuring immediate functionality. Ample parking is available on-site, and the property offers significant potential for expansion. The property is zoned MG05, allowing for a variety of commercial and retail uses. A Level 1 Environmental Inspection has been completed and is available for review upon request. This property is one of the few remaining in Northern Rhode Island with this zoning designation, making it a rare and highly desirable acquisition. The combination of its location, size, and recent improvements makes this an ideal investment for businesses seeking a versatile and well-maintained space in a thriving area. The property's proximity to the bike path also presents unique marketing and branding opportunities.

    Property Features for 50 New River Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 1.43‑acre lot with 62,290 square feet in Lincoln, RI, directly on the Blackstone Valley Bike Path.
    • Single‑story, 2,200 SF building (1900 construction) with two units, offering office and storage space.
    • Recent upgrades include a new HVAC system and updated office space.
    • Ample on‑site parking and significant expansion potential.
    • MG05 zoning allows for various commercial and retail uses.
    • Completed Phase I environmental assessment available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parts Unlimited Direct Auto Parts Store

    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
    Lincoln
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4690215
    Latitude
    41.9696164

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    FAQs

    What type of property is this?
    Distribution property - Prime RI Location: Warehouse & Office Space
    Where is this distribution property located?
    The property is located at 50 New River Rd Lincoln, RI.
    What is the asking price?
    The asking price for this property is $21.
    What are key features of this property?
    This property features: 1.43-acre lot with 62,290 square feet in Lincoln, RI, directly on the Blackstone Valley Bike Path.; Single-story, 2,200 SF building (1900 construction) with two units, offering office and storage space.; Recent upgrades include a new HVAC system and updated office space.
    Request Owner's contact information
    50 New River Rd Lincoln, RI 02838
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    Lincoln, RI 02838
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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
    50 New River Rd Lincoln, RI 02838
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