112 Ashaway Rd Bradford, RI 02808
- Showrooms
- 9,265 SF
- 1.10 lot acres
Current Use by Public Records
- Amalfi Catering Group / Self-Catering Accommodation
Property Details for 112 Ashaway Rd
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 1.10 lot acres
- Property size
- 9,265 SF
- Property type
- Showrooms
- APN
- WEST M:29 B:86
- APU
- WESTM29B86
Description
This Westerly, Rhode Island property at 112 Ashaway Road presents a unique investment opportunity. The 1.1-acre lot encompasses 47,906 square feet and includes a recently renovated, 8,800 square foot building constructed in 2002. The building, formerly a banquet facility, offers versatile space ideal for various commercial uses including retail, wholesale, showroom, or indoor recreation. The layout includes a 4,702 square foot ballroom, two shops totaling 2,456 square feet (Shop #1: 1,602 sq ft, Shop #2: 854 sq ft), and 1,642 square feet of second-floor office space. A former commercial kitchen in Shops 1 & 2 has been converted into warehouse or storage space. The property boasts over 50 parking spaces and is zoned GC General Commercial, allowing for a wide range of permitted uses. The property is offered vacant and "as is" for sale to an owner-user, unless and until spaces are leased. The asking price is $889,000. The property is also available for lease (see MLS for details). This is a rare opportunity to acquire a substantial commercial space with extensive parking in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $440,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $485,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $475,000
- Mixed-Use
- $530,000
- Hospitality
- $420,000
- Educational
- $400,000
- Residential Income
- $520,000
- Energy
- $425,000
- Income-Based Land
- $450,000
- Food Service
- $515,000
Location Insight
- Map
- Local Demand
- City
- Bradford
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.8042
- Latitude
- 41.3943
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA