Individually Owned 
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Property summary
This mixed-use property includes a six-unit building and an additional vacant lot totaling more than one-half acre. It is located on Diamond Hill Road between Chapel Four Corners and I-295. The building has two commercial units—one on the first level and one in the lower level—and four residential apartments, with two apartments on the first level and two on the second level. An attached two-stall garage is part of the property. The building includes separate electric meters for five units plus a house meter. Space heating is provided by one gas IBC high-efficiency direct vent boiler with six zones; hot water, water, and sewer services are provided by the owner. Laundry facilities are available in the basement with a washer and dryer. The building is equipped with a fire alarm system. Parking is available for 14 or more vehicles. The property is zoned C-1 and has a total lot size of 1.13 acres.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
C-1: Limited Commercial District. This zoning district is intended for neighborhood commercial areas that primarily serve local neighborhood needs for convenience retail, services and professional office establishments.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Cumberland, RIC-1: Limited Commercial District. This zoning district is intended for neighborhood commercial areas that primarily serve local neighborhood needs for convenience retail, services and professional office establishments.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
C-1: Limited Commercial District. This zoning district is intended for neighborhood commercial areas that primarily serve local neighborhood needs for convenience retail, services and professional office establishments.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Cumberland, RI.
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