Realty Plus, Inc.
Listed by Realty Plus, Inc.
$997,000
Bay Spring
Details
Property Type Retail, Office
Sub Type Auto Shop, Medical Office
Square Footage 3,992
Net Rentable (SqFt) 3,992
Units 1
Cap Rate 5.50%
NOI $46,370
Occupancy 100%
Pro-Forma Cap Rate 5.85%
Pro-Forma NOI $58,370
Broker Co-Op Yes
Class A
Year Built 1970
Year Renovated 2020
Buildings 1
Stories 1
Lot Size (SqFt) 17,036
Parking Spaces 25 spaces
Parking Per SqFt 6.26
Investment Type Stabilized
Sale Condition 1031 exchange
Mixed Use | 3,992 SqFt
Marketing description
Prime location, very rare opportunity to own a free standing commercial building in the Town of Barrington. Ideal investment for either a business owner operator or a passive investor. The Building is constructed of concrete block, has a flat rubber roof, commercial grade HVAC units, and large capacity electric service. Connected to town water, sewer, and gas. Lots of paved parking along with an overflow parking area in the back of the property that could serve many other uses. Land abuts the East Bay Bike Path connecting Providence to Bristol. Local area businesses consists of assisted living, marinas, self storage, office and medical. The property was occupied by the same business for the past 30 years. Currently vacant to offer flexibility for a new owner to rent the entire space out to a single tenant, split the space to rent out multiple units, or operate owners own business. Call today for a private showing.
Investment highlights
30 year established tenant same location with month to month rental agreement.
Buyer has full control keep current tenant in place with new lease at higher amount or operate as owner occupied.
Rent is far below market value.
Property is in great condition
Strong rental demand area
Listing Contacts
Realty Plus, Inc.
Listed by Realty Plus, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,370.00
$3,864.17/mo
Valuation Metrics
0
DSCR
4.65%
Cap Rate
4.65%
ROI
Map
Zoning
RBF MixedMixed UseResidence Business Flex
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View all 126 uses
View all 126 uses Last updated Jun 5, 2026 For deeper zoning details, reports are available at Zoneomics
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