81 Macondray St Cumberland, RI 02864
- Industrial properties
- 0.52 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 81 Macondray St
- Lot size
- 0.52 lot acres
- Zone code
- R-2
- Property type
- Industrial properties
- APN
- CUMB M:003 B:0048 L:000
- APU
- CUMBM003B0048L000
Description
This exceptional owner-user opportunity presents three industrial buildings totaling 16,100 square feet situated on a 0.86-acre lot in Cumberland, Rhode Island, zip code 02864. The property comprises three structures built in 1970, 1900, and 1995, offering a blend of vintage charm and modern functionality. Building 81 Macondray St features 7,451 square feet with a 17-foot ceiling height, two 10' x 14' drive-in doors, and 400 amp, 240V, 3-phase power (with a 480V transformer). Town water and sewer are available. Building 93 Macondray St encompasses 4,956 square feet, boasting five drive-in doors (two 10' x 10', two 9' x 10', and one 8' x 10') and 480V, 200 amp, 3-phase power (with a 600V transformer). This building is constructed of concrete block and also benefits from town water and sewer. Finally, Building 95 Macondray St offers 3,744 square feet, including a 2,400 square foot ground floor and a 1,344 square foot mezzanine, with a 17-foot ceiling height, one 12' x 14' drive-in door, and 208 amp, 240V, 3-phase power. All three buildings provide ample space for various industrial or distribution needs. The property's eight dock-high doors ensure efficient loading and unloading operations. This unique offering presents a rare chance to acquire a multi-building industrial complex in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $330,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $285,000
- Mixed-Use
- $285,000
- Hospitality
- $285,000
- Educational
- $260,000
- Residential Income
- $265,000
- Energy
- $340,000
- Income-Based Land
- $290,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3942
- Latitude
- 41.9048
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA