99 Cumberland StWoonsocket, RI 02895

Property Details for 99 Cumberland St

Year built

1937

Construction

FRAME

Lot size

0.35 AC

Property size (Sq ft)

10,436 SF

Zone code

C1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

WOON M:22C L:62 U:20

APU

WOONM22CL62U20

Description

Exceptional investment opportunity: a four-story, 16,332 square foot funeral home situated on a 1.26-acre lot in Woonsocket, Rhode Island. This substantial property, located at 99 Cumberland Street, is zoned C-1 (Commercial) and offers a multitude of features including multiple service rooms, a dedicated office area, and a basement encompassing preparation space and ample storage. The lower level also includes car storage and repair capabilities, enhanced by five cross-bay garages equipped with ten overhead doors. Adding to its versatility, the property includes two residential units. Its convenient location just south of the Massachusetts state line provides easy access to a wider market. The asking price for this unique property is $1,100,000. This presents a rare chance to acquire a well-established and versatile commercial property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,725,382

  6.5%

  $1,592,661

  7%

  $1,478,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,363,568

  Geo Method

  $1,363,568

• Alternative Use

  Use

  Valuation

  Residential

  $1,974,899

  Hospitality

  $1,808,997

  Educational

  $1,505,064

  Medical

  $1,556,826

  Retail

  $2,341,211

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0071

Longitude

-71.5022

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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