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    20 Pleasant St Cumberland, RI 02864

    Sponsored
    For Sale
    $660,000

    Two lots, 15,681 SF, vacant, seller financing.

    Property size:
    15,681 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents two adjacent lots totaling 15,681 square feet, ideally suited for an auto body shop or similar commercial use. Located at 20 Pleasant Street and 80 Eddy Street in Cumberland, Rhode Island (zip code 02864), this property boasts two buildings constructed in 1950, offering a combined net rentable area of 3,830 square feet. The property features 12-15 foot ceilings and ample outdoor space, including over 30 parking spaces and oversized garages. The lots are zoned R2. A brand new roof was installed, and the property was thoroughly cleaned and painted in December 2021. This vacant property presents a unique chance to acquire a well-situated, established commercial space with significant potential. Seller financing is available. The property's size and location make it an attractive prospect for a variety of automotive-related businesses. Don't miss this chance to own a piece of Cumberland's commercial landscape.

    Property Features for 20 Pleasant St

    General Information

    Property type
    Automotive properties
    Square Feet
    15,681 SF

    Building Details

    Year Built
    1950
    Buildings
    2

    HighLights

    • Two adjacent lots totaling 15,681 square feet in Cumberland, RI (02864).
    • Located at 20 Pleasant Street and 80 Eddy Street.
    • Two 1950‑built buildings with 3,830 square feet of combined net rentable area.
    • Features 12‑15 foot ceilings, over 30 parking spaces, and oversized garages.
    • R2 zoning.
    • New roof installed, cleaned and painted December 2021.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    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
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3933618
    Latitude
    41.9110291

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    FAQs

    What type of property is this?
    Automotive property - Two lots, 15,681 SF, vacant, seller financing.
    Where is this automotive property located?
    The property is located at 20 Pleasant St Cumberland, RI.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: Two adjacent lots totaling 15,681 square feet in Cumberland, RI (02864).; Located at 20 Pleasant Street and 80 Eddy Street.; Two 1950-built buildings with 3,830 square feet of combined net rentable area.
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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
    20 Pleasant St Cumberland, RI 02864
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