33 Money Hill RdGlocester, RI 02814

Property Details for 33 Money Hill Rd

Year built

1780

Lot size

4.82 AC

Property size (Sq ft)

2,416 SF

Zone code

2

Property type

Investment properties

Property subtype

Live-work space

APN

GLOC M:10A B:030

APU

GLOCM10AB030

Description

This exceptional mixed-use property, located at 33 Money Hill Road in Glocester, Rhode Island, presents a unique investment opportunity. The 2,416 square foot, two-story building, recently relocated onto a new foundation with a basement, sits on a 1.6-acre lot in the R2 Village Overlay District. Boasting 220 feet of frontage along Money Hill Road, the property offers a level site with significant potential. The structure features a charming exterior, a beautifully designed front porch, and new Marvin windows and siding. A new septic system is also in place. While the interior requires complete renovation to suit the buyer's needs, the property's prime location and substantial size make it an attractive prospect for various commercial ventures. The building's existing structure provides a solid foundation for a wide range of development possibilities, capitalizing on its prominent road frontage and ample lot size. This is a rare opportunity to acquire a substantial property in a desirable location, ready for its next chapter. The zip code is 02814.

• CAP approach

  CAP return

  Valuation

  6%

  $455,401

  6.5%

  $420,370

  7%

  $390,343

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,988

  Geo Method

  $321,988

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $822,695

  Retail / Commercial

  $421,874

  Hospitality / Lodging

  $308,412

  Office

  $417,873

  Institutional / Educational

  $437,015

  Residential Income

  $511,308

  Multifamily

  $613,235

  Automotive / Energy

  $374,584

  Parking / Income-Based Land

  $129,265

  Restaurant / Food Service

  $218,638

  Healthcare / Senior Housing

  $431,081

Location Insight

City

Chepachet

County

Providence

State

Rhode Island

Latitude

41.9188

Longitude

-71.6719

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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