15 Patt Ave Cumberland, RI 02864-7813
Property summary
This exceptional 1,200 sq ft commercial property at 15 Patt Avenue, Cumberland, RI, presents a unique investment opportunity. Currently operating as a meticulously maintained auto repair facility, this property boasts a fully equipped garage complete with a lift, pit, and storage loft. The building also includes a heated workspace and a separate 1,000 sq ft concrete block garage ideal for additional storage. The property's versatility allows for continued use as an auto repair shop or adaptation to a wide range of commercial ventures. The high visibility corner lot offers maximum exposure, with frontage on both Patt Avenue and Eddy Street. The substantial 0.34-acre lot comprises two legal lots totaling approximately 14,812 sq ft (10,020 sq ft and 4,792 sq ft respectively), providing ample space for expansion or future development. The property's location in a primarily residential area offers a unique blend of accessibility and potential for mixed-use development. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant upside potential in a desirable Cumberland location. The asking price is $399,900.
Property profile
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Value estimations
Owner & transaction history
Zoning & alternative use
Within the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Cumberland, RIWithin the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for R-2 in Cumberland, RI.
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