628 Metacom AveWarren, RI 02885

Property Details for 628 Metacom Ave

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.83 AC

Property size (Sq ft)

6,478 SF

Zone code

B

Property type

Retail properties

Property subtype

Super regional malls

APN

WARR M:13D L:193

APU

WARRM13DL193

Description

This exceptional commercial property, located at 628 Metacom Avenue in Warren, Rhode Island, presents a compelling investment opportunity. Situated on the highly visible northbound side of Route 136, this 1.2-acre property boasts nearly 12,000 square feet of versatile commercial space, currently divided into 14 numbered units. Thirteen of these units are occupied by eight established retail businesses, generating consistent income. The property includes a full basement offering an additional 2,800 square feet of rentable space, further enhancing its income potential. Ample parking is provided with 60 spaces, ensuring convenience for tenants and customers. Each unit is equipped with its own gas and electric HVAC system, offering independent climate control. Adding to the income stream, there is also additional office space located on the second floor. This prime location on Route 136 guarantees high visibility and significant foot traffic, making it ideal for an anchor tenant seeking maximum exposure. The property's strong occupancy rate, diverse tenant mix, and substantial square footage combine to create a robust and attractive investment opportunity with significant potential for future growth. This is a rare chance to acquire a well-established, income-producing commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,574,380

  6.5%

  $1,453,274

  7%

  $1,349,469

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,132,967

  Geo Method

  $2,132,967

• Alternative Use

  Use

  Valuation

  Residential

  $1,225,891

  Hospitality

  $1,122,910

  Educational

  $934,248

  Medical

  $966,378

  Retail

  $1,453,274

Location Insight

City

Warren

County

Bristol

State

Rhode Island

Latitude

41.7179

Longitude

-71.2677

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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