40 MainBurrillville, RI 02859

  • Other commercial real estate
  • 26,354 SF
For Sale
$2,000,000 View listing

Property Details for 40 Main

Year built
1984
Construction
FRAME
Lot size
6.89 AC
Property size (Sq ft)
26,354 SF
Zone code
VC
Property type
Other commercial real estate
APN
BURR M:158 L:072
APU
BURRM158L072

Description

This exceptional investment opportunity in Burrillville, Rhode Island, presents a substantial 26,354± square foot building situated on a 6.89± acre lot (300,128 sq ft). Constructed in 1984 with a significant addition in 2005, the property is currently 90% occupied, featuring a mix of retail and office tenants, including a major bank anchor. Located at 40 North Main Street in Pascoag, RI, this property enjoys a prime location in the commercial center of town, offering ample parking and handicap accessibility. The Village Commercial zoning allows for a variety of uses. Beyond the main building, the property includes eleven rear storage units and a detached garage. Its proximity to the Massachusetts border adds to its appeal. This well-maintained property represents a strong investment in a thriving community. The property's size and diverse tenant base provide a stable income stream and significant potential for future growth. This is a rare opportunity to acquire a substantial commercial property in a desirable location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,987,208
    Hospitality
    $4,568,256
    Educational
    $3,800,735
    Medical
    $3,931,448
    Retail
    $5,912,254
40 Main, Burrillville, Rhode Island
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Location Insight

City
Pascoag
County
Providence
State
Rhode Island
Latitude
41.9611
Longitude
-71.7023
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,762
$191,300
$1,061,200
$1,252,500
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