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    Hwy Lincoln, RI 02865

    Sponsored
    For Sale
    $9,900,000

    16-Screen Cinema, 60,113 SF Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional investment opportunity presents a fully operational, 16-screen cinema complex situated on a substantial 60,113 square foot lot in Lincoln, Rhode Island. Built in 2005, the single-story building boasts state-of-the-art amenities including stadium seating in all 16 screens, wall-to-wall screens, and cutting-edge DLP digital sight and sound technology. The property includes a fully equipped concession stand and bar, ensuring a complete entertainment experience for patrons. Ample parking is available on-site, catering to the high volume of moviegoers. The Cinemaworld complex is strategically located within the Lincoln Commons at 622 George Washington Highway, providing excellent visibility and accessibility. Its prime location offers easy access to major transportation arteries, including Route 146, I-95, and I-295, ensuring convenient access for patrons from a wide geographic area. The asking price for this turnkey operation is $9,900,000. This presents a rare chance to acquire a well-established and profitable entertainment venue in a high-traffic location. The property's size and amenities offer significant potential for future expansion or redevelopment, making it an attractive investment for both seasoned and emerging investors in the commercial real estate market. The property is located in Providence County, Rhode Island, zip code 02865.

    Property Features for 0 Hwy

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lincoln
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4418101
    Latitude
    41.9110123

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    FAQs

    What type of property is this?
    Retail property - 16-Screen Cinema, 60,113 SF Land
    Where is this retail property located?
    The property is located at Hwy Lincoln, RI.
    What is the asking price?
    The asking price for this property is $9,900,000.
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    Hwy Lincoln, RI 02865
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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
    Hwy Lincoln, RI 02865
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