20 Pleasant St, Cumberland, RI 02864-7834
This exceptional commercial property presents a lucrative investment opportunity in Cumberland, RI. Encompassing two lots (20 Pleasant Street - Lot 162 and 80 Eddy Street - Lot 348), this established auto body shop boasts over 15,000 square feet of space, ideal for continued operation or redevelopment. The 0.36-acre property features ample parking with over 30 outdoor spaces, plus oversized garages, providing significant operational capacity. The property benefits from a recently installed brand-new roof, completed in December 2021, ensuring long-term cost savings. Furthermore, the interior has undergone a complete cleaning and repainting, presenting a move-in ready condition. This turnkey operation is situated in a highly visible and successful location, offering immediate income potential. The seller is offering financing options, making this an even more attractive proposition for qualified buyers. This is a rare opportunity to acquire a well-established, high-performing business with significant potential for growth and return on investment. The property's size, location, and recent improvements combine to create a compelling investment package. Serious inquiries are encouraged to explore this exceptional opportunity further. Don't miss out on this chance to own a thriving business in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Cumberland, RICumberland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.