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Property profile & analytics
FOR LEASE
Showrooms

50 New River Rd Manville, RI 02838

2,206 SF 1.43 ac lot Built 1900
Entity Owned 3-yr Hold Free & Clear
Property ID
US76-0348612
Property summary
AI-generated overview

This exceptional commercial property, located at 50 New River Road in Lincoln, Rhode Island, presents a unique investment opportunity. The 1.43-acre lot boasts a 62,290 square foot parcel situated directly on the Blackstone Valley Bike Path, offering high visibility and accessibility. The property includes a single-story, 1900-built building featuring two units totaling 2200 square feet of office and storage space. Recent upgrades include a new HVAC system and updated office space, ensuring immediate functionality. Ample parking is available on-site, and the property offers significant potential for expansion. The property is zoned MG05, allowing for a variety of commercial and retail uses. A Level 1 Environmental Inspection has been completed and is available for review upon request. This property is one of the few remaining in Northern Rhode Island with this zoning designation, making it a rare and highly desirable acquisition. The combination of its location, size, and recent improvements makes this an ideal investment for businesses seeking a versatile and well-maintained space in a thriving area. The property's proximity to the bike path also presents unique marketing and branding opportunities.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction FRAME
Total area 2,206 SF
Lot 1.43 ac (62,334 SF)
Zoning code MG05
APN LINC M:35 L:189.0 U:
UPID US76-0348612
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
  • Parts Unlimited Direct Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
New River Holdings LLC · 3 yrs held
New River Holdings LLC
since 2022
Last sale
$200,000
2 recorded transactions
2024
Price N/A
2022
$200,000
Zoning & alternative use
MG05 · Manville, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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