2168 Diamond Hill RdWoonsocket, RI 02895

Property Details for 2168 Diamond Hill Rd

Lot size

3.71 AC

Zone code

C2

Property type

Commercial real estate

APN

WOON M:52A L:10 U:11

APU

WOONM52AL10U11

Description

This exceptional commercial property, located at 2168 Diamond Hill Road, offers 2,250 square feet of versatile space in a prime location near the Woonsocket/Cumberland town lines. The single-tenant unit, Building B, Suite #1, features an open floor plan with a 12-15 foot ceiling height, ideal for a variety of uses. Previously occupied by a travel agency, this well-maintained space is ready for immediate occupancy. The property boasts convenient storefront parking and benefits from its proximity to a vibrant retail corridor. Nearby establishments include popular restaurants such as Applebee's, Dunkin' Donuts, Taco Bell, McDonald's, Popeyes, and Empire Buffet, as well as numerous retail options including Tractor Supply, Ocean State Job Lot, and Burlington Coat Factory. The 3.71-acre lot (161,172 sq ft) provides ample space, and the property features a total of 177 parking spaces. The building, constructed in 1986, is a Class B property with four buildings, each one story high. The property is zoned C2 and offers excellent visibility and accessibility. This location also enjoys proximity to both single-family homes and apartment complexes, providing a diverse customer base. Electric power is available. The 529-foot frontage ensures high visibility for your business. This is a rare opportunity to acquire a well-situated commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $30,277,400

  6.5%

  $27,948,300

  7%

  $25,952,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,113,100

  Geo Method

  $21,113,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $55,023,900

  Retail / Commercial

  $28,216,000

  Mixed-Use / Specialty

  $28,115,400

  Hospitality / Lodging

  $20,627,300

  Office

  $27,948,300

  Institutional / Educational

  $29,228,600

  Residential Income

  $34,197,500

  Multifamily

  $41,014,700

  Automotive / Energy

  $25,053,100

  Parking / Income-Based Land

  $8,645,530

  Restaurant / Food Service

  $14,623,000

  Healthcare / Senior Housing

  $28,831,800

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0151

Longitude

-71.4661

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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