Jmg Rhode Island
Listed by Jmg Rhode Island
$799,000
963 969 Victory Highway
Details
APN 963969VICTORYHWYBURR
Property Type Retail, Industrial
Sub Type Auto Shop, Warehouse
Units 4
Cap Rate 8.00%
NOI $64,675
Year Built 1945
Buildings 1
Lot Size (SqFt) 0.32
Zoning R20
Parking Spaces 32 spaces
Ownership LLC
Retail | 8.00% CAP
Marketing description
Rare opportunity to own a unique mixed-use property in the heart of Burrillville. Formerly a historic firehouse, this distinctive building offers character, functionality, and strong income potential with four units, all currently leased. The property includes a single-family residential unit featuring 1 bedroom and 1 full bath, providing additional rental versatility. The remaining space consists of expansive garage bays with industrial ceiling heights and oversized bay doors, ideal for a variety of commercial or storage uses. Adding to its long-term stability, the lower-level rear unit is currently leased by the United States Post Office, serving the Burrillville community. With its rich history, diverse layout, and solid tenancy, this property presents a rare investment opportunity for both seasoned investors and owner-users seeking a one-of-a-kind asset in a convenient location.
Listing Contacts
Jmg Rhode Island
Listed by Jmg Rhode Island
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,675.00
$5,389.58/mo
Valuation Metrics
0
DSCR
8.09%
Cap Rate
8.09%
ROI
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