840 Cumberland Hill Rd Woonsocket, RI 02895
- Showrooms
- 53,465 SF
- 3.51 lot acres
Current Use by Public Records
- Glycol Blending Services LLC / Waste Management Service / Auto Parts Store
- Alexander & Co / Real Estate Agency
- USA Insulation of Providence / Insulation Contractor
- WM AUTO BODY / Auto Body Shop
- Countertops by Superior, Inc. / Kitchen Remodeler / Marble Supplier
Property Details for 840 Cumberland Hill Rd
- Year built
- 1932
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.51 lot acres
- Property size
- 53,465 SF
- Zone code
- MU2
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,835,000
- 7%
- $1,540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,790,000
- Geo Method
- $1,515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,805,000
- Retail
- $1,745,000
- Mixed-Use
- $1,745,000
- Hospitality
- $1,645,000
- Educational
- $1,890,000
- Residential Income
- $1,500,000
- Energy
- $1,615,000
- Income-Based Land
- $1,715,000
- Food Service
- $1,995,000
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4863
- Latitude
- 41.995
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
