505 Old Riv Rd Manville, RI 02838-1220
This exceptional mixed-use property, located at 505 Old River Road in Lincoln, Rhode Island, presents a unique investment opportunity. The 1,260 square foot building, constructed in 1982, sits on a 0.37-acre lot (approximately 16,117 square feet) and offers convenient access to both Interstate 295 and Route 146, ensuring excellent visibility and accessibility. The property features a first-level commercial space, previously utilized as a produce retail outlet, offering a largely open floor plan ideal for various business ventures. Above, a one-bedroom residential apartment provides additional income potential or owner-occupancy flexibility. A full walk-out basement provides ample storage and houses utilities, complemented by a half bath. Adding to the property's versatility is a 960-square-foot greenhouse, offering further expansion or rental possibilities. The property boasts adequate parking, a significant advantage in a high-traffic area. This adaptable building presents numerous possibilities for entrepreneurs and investors seeking a well-located, multi-functional property in a thriving Rhode Island community. The asking price is $399,900.
-
Old Orchard Farm Specialty Food Shop Farmer's Market
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
RS12 · Manville, RICosts & 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.