130 Pascoag Main StBurrillville, RI 02859

Property Details for 130 Pascoag Main St

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

3,868 SF

Zone code

VC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

BURR M:175 L:028

APU

BURRM175L028

Description

This exceptional three-unit retail property, located at 130 Pascoag Main St, Burrillville, RI 02859, presents a compelling investment opportunity. The 7,768 square foot building, constructed in 1940 and zoned VC, offers a diverse tenant mix currently comprised of a tattoo artist, an appliance repair shop, and an online auction store. Each unit operates under a month-to-month lease, providing flexibility for future development and income potential. The property features a substantial 3,900 square foot full basement, adding significant storage or expansion possibilities. Convenient on-site parking accommodates approximately 10 vehicles. The asking price is $399,999, translating to a price per square foot of $51.49. This represents a solid return on investment in a thriving location. The property's versatility, combined with its strong tenant occupancy and prime location on Pascoag Main Street, makes it an ideal addition to any investor's portfolio. This net lease property offers a hands-off approach to ownership, with the potential for significant future appreciation. The property is situated in Providence County, Rhode Island, offering easy access to local amenities and a strong regional economy. Don't miss this chance to acquire a well-established retail property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $940,059

  6.5%

  $867,747

  7%

  $805,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,273,590

  Geo Method

  $1,273,590

• Alternative Use

  Use

  Valuation

  Residential

  $731,977

  Hospitality

  $670,487

  Educational

  $557,837

  Medical

  $577,022

  Retail

  $867,747

Location Insight

City

Pascoag

County

Providence

State

Rhode Island

Latitude

41.9576

Longitude

-71.7017

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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