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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$731,702
6.5%
$675,417
7%
$627,173
Comparable approach
Method
Valuation
Relative Method
$525,609
Geo Method
$525,609
Alternative Use
Use
Valuation
Industrial / Distribution
$1,317,130
Mixed-Use / Specialty
$673,009
Hospitality / Lodging
$493,766
Office
$669,011
Institutional / Educational
$699,658
Residential Income
$818,600
Multifamily
$981,785
Automotive / Energy
$599,707
Parking / Income-Based Land
$206,952
Restaurant / Food Service
$350,037
Healthcare / Senior Housing
$690,158
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
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Pascoag Main St Burrillville, RI 02859
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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