840 Cumberland Hill RdWoonsocket, RI 02895

This exceptional multi-tenant industrial property in Woonsocket, Rhode Island, presents a compelling investment opportunity. Located at 840 Cumberland Hill Rd, this stabilized investment boasts 52,824 square feet across a single, two-story building on a 3.51-acre lot. The property features 14 units, currently leased under a gross lease structure, generating a substantial net operating income (NOI) of $293,491, resulting in an attractive 8.89% capitalization rate. The asking price is $3,300,000, translating to $62.47 per square foot and $235,714.29 per unit. Built in 1932, the property is zoned MU-2 and includes 55 parking spaces, one loading dock, and fourteen dock-high doors. The building features a 15-foot ceiling height and an electrical system rated up to 600 volts, 1200 amps, 3-phase. Convenient highway access to Routes 99, 146, and Interstate 295 enhances its strategic location. The property offers value-add potential with some below-market rents and rent bumps already in place. This is a rare opportunity to acquire a well-located, income-producing industrial asset with strong financials and significant upside potential in Providence County, RI, zip code 02895.