Property profile

112 Ashaway Rd Bradford, RI 02808

OFF-MARKET
Showrooms
Property ID
US76-0317793
9,265 SF 1.1 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1950
Construction FRAME
Total area 9,265 SF
Lot 1.1 ac (47,916 SF)
APN WEST M:29 B:86
UPID US76-0317793

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vacation Rental

Location

112 Ashaway Rd Bradford, RI 02808
Bradford metro Census 50702 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$560k
Blend (final) Blend
$375k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2023
$400,000
2007
$700,000
2002
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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