840 Cumberland Hill RdWoonsocket, RI 02895

Property Details for 840 Cumberland Hill Rd

Year built

1932

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.51 AC

Property size (Sq ft)

53,465 SF

Zone code

MU2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WOON M:42G L:7 U:1

APU

WOONM42GL7U1

Description

This exceptional Woonsocket, Rhode Island property at 840 Cumberland Hill Road offers a unique blend of industrial and office space, perfect for a variety of businesses. The main building comprises a substantial 3,950 square foot industrial garage bay, currently available for lease at $3200 per month plus utilities. This space features two overhead doors, impressive 14-foot ceilings, and several pre-built office spaces, providing a functional and adaptable layout. Adding to its versatility, two smaller, separate units are also available for lease, one at $700 per month and the other at $900 per month, ideal for retail or smaller office operations. The entire property sits on a generous 152,896 square foot lot and includes a single-story building with ample parking for 85 vehicles. The property's classification includes land, office, retail, and industrial uses, making it suitable for a wide range of commercial enterprises. Its strategic location provides easy access to major roadways, including Route 99, Route 146, and Interstate 295, ensuring convenient transportation and logistics. The total building area is 5,582 square feet, encompassing the large garage bay and the two smaller units. This property presents a rare opportunity to secure a well-located, versatile commercial space in a thriving Rhode Island market. The property is zoned for commercial, traditional office, executive office, flex, warehouse, and specialty services, including pet grooming, automotive repair, auto shops, salons, and barbershops.

• CAP approach

  CAP return

  Valuation

  6%

  $12,993,861

  6.5%

  $11,994,334

  7%

  $11,137,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,604,056

  Geo Method

  $17,604,056

• Alternative Use

  Use

  Valuation

  Residential

  $10,117,669

  Hospitality

  $9,267,731

  Educational

  $7,710,643

  Medical

  $7,975,824

  Retail

  $11,994,334

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

41.995

Longitude

-71.4863

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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