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Property profile & analytics
OFF-MARKET Estimated value $1,010,000
Investment properties

412 Thames St Bristol, RI 02809-5904

4,848 SF 0.19 ac lot Built 1930
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US76-0059890
Property summary
AI-generated overview

Exceptional opportunity to lease a vibrant storefront at 412 Thames Street in Bristol, Rhode Island. This 2,100+ square foot space, situated in a 1930 building on an 8,276 square foot lot, boasts soaring ceilings, hardwood floors, and abundant natural light from front windows and skylights. Its prime location directly overlooks Independence Park, the East Bay Bike Path, and Stone Harbor's waterfront boardwalk, placing your business in the heart of downtown Bristol's bustling activity. Enjoy proximity to restaurants, nightlife, galleries, shops, and residential areas. The property's visibility is amplified during summer festivities in Independence Park. Additional space and a private enclosed courtyard offer further potential. The landlord is willing to build to suit tenant needs. This unique property presents a rare chance to establish your business in one of Bristol's most desirable locations. Inquire for a tour and further details.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1930
Construction FRAME
Total area 4,848 SF
Lot 0.19 ac (8,342 SF)
Zoning code W
APN BRIS M:9 L:68
UPID US76-0059890
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • C A Daniels & Co Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
$1.06M
Comparable Approach Comparable
$651k
Blend (final) Blend
$1.01M
Owner & transaction history
Gary R Mello · 3 yrs held
Gary R Mello
since 2022
Last sale
$901,000
2 recorded transactions
2022
$901,000
1994
$173,500
Zoning & alternative use
W · Bristol, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

W Zone Waterfront. This zone is intended for mixed use residential, commercial, and limited industrial use along the downtown waterfront with an emphasis on preservation, economic development, recreation, and open space. (6) Educational-institutional zoning district. The educational-institutional zoning district shall be as follows:

Zone name Waterfront
General category MIXED_USE
Zone area 46.95 ac
Source Code of Ordinances
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