51 Cole StWarren, RI 02885

Property Details for 51 Cole St

Year built

1950

Construction

FRAME

Lot size

0.43 AC

Property size (Sq ft)

7,260 SF

Zone code

MF

Property type

Showrooms

APN

WARR M:5 L:130

APU

WARRM5L130

Description

This exceptional commercial property, located at 51 Cole Street UNIT 1R in Warren, Rhode Island, presents a unique investment opportunity. The 18,731 square foot lot houses a two-story, 1950-built building offering versatile space ideal for a variety of uses. The first floor is particularly well-suited for businesses such as churches, offices, retail establishments, dog grooming services, or medical/therapy practices. The property boasts a convenient outdoor deck, ample parking, a private entrance, and private offices, ensuring both convenience and privacy for tenants. Internal features include a full kitchen, a laundry facility complete with washer and dryer, a full bathroom, and expansive open space, providing flexibility for diverse business needs. Its prime location along the East Bay Bike Path and adjacent to the Warren Dog Park offers high visibility and accessibility. Furthermore, its proximity to downtown Warren provides easy access to local amenities and services. Additional garage space is available for lease. This property is a rare find, combining a desirable location with versatile space and attractive features. The asking price is $1,650 per month. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,764,434

  6.5%

  $1,628,708

  7%

  $1,512,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,390,451

  Geo Method

  $2,390,451

• Alternative Use

  Use

  Valuation

  Residential

  $1,373,876

  Hospitality

  $1,258,463

  Educational

  $1,047,026

  Medical

  $1,083,035

  Retail

  $1,628,708

Location Insight

City

Warren

County

Bristol

State

Rhode Island

Latitude

41.728

Longitude

-71.2802

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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