81 Macondray St Cumberland, RI 02864
For Sale
1 / 9
This exceptional owner-user opportunity presents three industrial buildings totaling 16,100 square feet situated on a 0.86-acre lot in Cumberland, Rhode Island, zip code 02864. The property comprises three structures built in 1970, 1900, and 1995, offering a blend of vintage charm and modern functionality. Building 81 Macondray St features 7,451 square feet with a 17-foot ceiling height, two 10' x 14' drive-in doors, and 400 amp, 240V, 3-phase power (with a 480V transformer). Town water and sewer are available. Building 93 Macondray St encompasses 4,956 square feet, boasting five drive-in doors (two 10' x 10', two 9' x 10', and one 8' x 10') and 480V, 200 amp, 3-phase power (with a 600V transformer). This building is constructed of concrete block and also benefits from town water and sewer. Finally, Building 95 Macondray St offers 3,744 square feet, including a 2,400 square foot ground floor and a 1,344 square foot mezzanine, with a 17-foot ceiling height, one 12' x 14' drive-in door, and 208 amp, 240V, 3-phase power. All three buildings provide ample space for various industrial or distribution needs. The property's eight dock-high doors ensure efficient loading and unloading operations. This unique offering presents a rare chance to acquire a multi-building industrial complex in a desirable location.
Within the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals may be kept for each single-family dwelling unit provided that no roosters shall be kept, and provided that such allowable livestock are ho…
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Cumberland, RIWithin the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals may be kept for each single-family dwelling unit provided that no roosters shall be kept, and provided that such allowable livestock are housed and that any building and/or enclosures which house such livestock be located no less than 25 feet from the property line. Properties containing more than one residential unit do not qualify under this provision.
Costs & 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.