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Property profile & analytics
OFF-MARKET
Investment properties

505 Old Riv Rd Manville, RI 02838-1220

1,260 SF 0.37 ac lot Built 1982
Trust Owned 7-yr Hold Free & Clear
Property ID
US76-0304944
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1982
Construction FRAME
Total area 1,260 SF
Lot 0.37 ac (16,117 SF)
Zoning code RS12
APN LINC M:38 L:070.0 U:
UPID US76-0304944
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
  • Old Orchard Farm Specialty Food Shop Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Filion Ft Trust · 7 yrs held
Filion Ft Trust
since 2019
2 recorded transactions
2025
Price N/A
2019
Price N/A
Zoning & alternative use
RS12 · Manville, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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