Retail/Development Site | 776 Cumberland Hill rd
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Retail/Development Site 776 Cumberland Hill rd
12,500 SF Retail Building Woonsocket, RI 02895 $1,900,000 ($152/SF)
Investment Highlights
- Highly Trafficked Road
- Great Redevelopment Site
- Easy Highway Access to Route 146 & Interstate 295
Executive Summary
2.22 Acres of PRIME Real Estate available in Woonsocket, RI. Zoning is "Mixed Use", which allows for many commercial uses, as well as most Residential uses. The property is within 2 minutes of the highway, Route 146 and Interstate 295. This redevelopment site is within a Qualified Opportunity Zone and has substantial tax benefits available. There are several existing structures on the property, totaling over 20,000 sqft of covered space. 17,000+ Average Daily Traffic Count. Property is connected to 3 Phase Power. Don't let this opportunity pass you by, call for more details
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Year Built
1950
Price
$1,900,000
Price Per SF
$152
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.22 AC
Opportunity Zone
Yes
Zoning
MU - Mixed Use
Parking
70 Spaces (5.6 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Signage
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $744,000 (2024) | |
| Land Assessment | $203,400 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $540,600 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$203,400 (2024)
Improvements Assessment
$540,600 (2024)
Total Assessment
$744,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Retail/Development Site | 776 Cumberland Hill rd
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