1155 Victory HwyBurrillville, RI 02858

Property Details for 1155 Victory Hwy

Year built

1987

Construction

STEEL FRAME

Lot size

0.45 AC

Property size (Sq ft)

10,000 SF

Zone code

GC

Property type

Showrooms

APN

BURR M:179 L:088

APU

BURRM179L088

Description

This exceptional 10,000 square foot Class B warehouse, ideally situated at 1155 Victory Hwy in Burrillville, Rhode Island, is now available for both lease and sale. Built in 1987 and extensively renovated in 2022, this property sits on a 0.45-acre lot and offers a range of desirable features. The building boasts a spacious interior with 21-foot clear ceilings and polished concrete floors, providing ample room for various uses. Loading and unloading are facilitated by one 14-foot drive-in garage door, one 12-foot loading dock, and two 8-foot loading docks. The warehouse is well-lit with modern halogen lighting and benefits from a robust 400-amp, 3-phase electrical system and propane heating. An external overhead covering, spanning 121 feet, provides additional covered storage space, suitable for multiple shipping containers. Parking is readily available with 12 spaces directly adjacent to the building, supplemented by additional parking at the nearby municipal park. An electric vehicle charger is also conveniently located on the property. Internal amenities include a sauna, a private bathroom, a well-appointed upper-level office space, a kitchen with a bar area, a comprehensive security system, and three separate storage rooms. This versatile property presents a unique opportunity for businesses seeking a well-maintained and functional warehouse space in a desirable location. The asking price is $1,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,891,680

  6.5%

  $1,746,170

  7%

  $1,621,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,358,860

  Geo Method

  $1,358,860

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,405,190

  Mixed-Use / Specialty

  $1,739,940

  Hospitality / Lodging

  $1,276,540

  Office

  $1,729,600

  Institutional / Educational

  $1,808,840

  Residential Income

  $2,116,340

  Multifamily

  $2,538,220

  Automotive / Energy

  $1,550,430

  Parking / Income-Based Land

  $535,035

  Restaurant / Food Service

  $904,957

  Healthcare / Senior Housing

  $1,784,280

Location Insight

City

Oakland

County

Providence

State

Rhode Island

Latitude

41.957

Longitude

-71.6476

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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