51 Cole St, Unit 1R Warren, RI 02885
- Showrooms
- 7,260 SF
- 0.43 lot acres
Current Use by Public Records
- Rob's Custom Accessories / Auto Body Shop
- Auto MD / Auto Repair Shop
- Your Bike Shop / Bicycle Shop
- Toledo Auto-Spa / Car Detailing Service
Property Details for 51 Cole St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.43 lot acres
- Property size
- 7,260 SF
- Zone code
- MF
- Property type
- Showrooms
- APN
- WARR M:5 L:130
- APU
- WARRM5L130
Description
This exceptional commercial property, located at 51 Cole Street UNIT 1R in Warren, Rhode Island, presents a unique investment opportunity. The 18,731 square foot lot houses a two-story, 1950-built building offering versatile space ideal for a variety of uses. The first floor is particularly well-suited for businesses such as churches, offices, retail establishments, dog grooming services, or medical/therapy practices. The property boasts a convenient outdoor deck, ample parking, a private entrance, and private offices, ensuring both convenience and privacy for tenants. Internal features include a full kitchen, a laundry facility complete with washer and dryer, a full bathroom, and expansive open space, providing flexibility for diverse business needs. Its prime location along the East Bay Bike Path and adjacent to the Warren Dog Park offers high visibility and accessibility. Furthermore, its proximity to downtown Warren provides easy access to local amenities and services. Additional garage space is available for lease. This property is a rare find, combining a desirable location with versatile space and attractive features. The asking price is $1,650 per month. Contact us today to schedule a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $740,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $655,000
- 6.5%
- $690,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $715,000
- Retail
- $630,000
- Mixed-Use
- $650,000
- Hospitality
- $680,000
- Educational
- $765,000
- Residential Income
- $715,000
- Energy
- $685,000
- Income-Based Land
- $760,000
- Food Service
- $745,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Bristol
- State
- Rhode Island
- Longitude
- -71.2802
- Latitude
- 41.728
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
