208 Bernon StWoonsocket, RI 02895

Property Details for 208 Bernon St

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

3,270 SF

Zone code

MU1

Property type

Showrooms

APN

WOON M:15N L:201 U:17

APU

WOONM15NL201U17

Description

This 3,300 square foot commercial property, located at 208 Bernon St, Woonsocket, RI 02895, presents a unique investment opportunity. Situated on a 0.16-acre lot, this single-story, 1969-built building is zoned MU1 and offers versatile space ideal for a variety of uses. Currently configured as a motorcycle repair shop, the layout includes a workshop and office space, providing ample room for operations and customer interaction. The property benefits from its high-traffic location, ensuring excellent visibility and accessibility for any business. The existing structure offers a functional foundation for a range of commercial ventures, including but not limited to a convenience store or laundromat. The property's adaptability makes it an attractive option for entrepreneurs seeking a ready-made space with significant potential. The asking price is $449,000. This owner-user opportunity is perfect for those seeking a blend of operational space and investment potential in a thriving Rhode Island community. The property features one unit within a single building. No gas pumps or loading docks are present.

• CAP approach

  CAP return

  Valuation

  6%

  $794,724

  6.5%

  $733,592

  7%

  $681,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,076,691

  Geo Method

  $1,076,691

• Alternative Use

  Use

  Valuation

  Residential

  $618,812

  Hospitality

  $566,828

  Educational

  $471,595

  Medical

  $487,813

  Retail

  $733,592

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0004

Longitude

-71.5124

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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