1950 Broncos HwyBurrillville, RI 02830

Property Details for 1950 Broncos Hwy

Year built

1962

Construction

FRAME

Lot size

3.56 AC

Property size (Sq ft)

3,462 SF

Zone code

GC

Property type

Showrooms

APN

BURR M:130 L:001

APU

BURRM130L001

Description

This exceptional Burrillville, RI property, located at 1950 Broncos Highway, presents a lucrative investment opportunity. The 3.5-acre lot (155,074 sq ft) houses a meticulously maintained, two-story building (1962, fully renovated in 2014) totaling over 3,400 square feet. The main level features a fully equipped commercial kitchen, a bar, a spacious dining area, and a convenient ice cream service window, ideal for a restaurant operation. Upstairs, a one-bedroom apartment provides live/work space potential. The property also includes established amenities such as mini golf and batting cages, offering additional revenue streams or recreational uses. Ample parking is available on-site. The GC zoning allows for diverse development possibilities, including expansion or the construction of additional structures. This turnkey operation is ready for immediate use and offers significant upside potential for a discerning investor. The asking price is $600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $654,900

  6.5%

  $604,523

  7%

  $561,343

• Comparable approach

  Method

  Valuation

  Relative Method

  $470,439

  Geo Method

  $470,439

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,178,880

  Mixed-Use / Specialty

  $602,368

  Hospitality / Lodging

  $441,938

  Office

  $598,789

  Institutional / Educational

  $626,220

  Residential Income

  $732,677

  Multifamily

  $878,733

  Automotive / Energy

  $536,760

  Parking / Income-Based Land

  $185,229

  Restaurant / Food Service

  $313,296

  Healthcare / Senior Housing

  $617,717

Location Insight

City

Glendale

County

Providence

State

Rhode Island

Latitude

41.9759

Longitude

-71.6297

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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