260 Maple AveBarrington, RI 02806

Property Details for 260 Maple Ave

Lot size

0.54 AC

Zone code

NB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

BARR M:22 L:667

APU

BARRM22L667

Description

This exceptional Barrington, RI property at 260 Maple Avenue presents a unique investment opportunity. The offering encompasses two buildings situated on a substantial 23,450 square foot lot. Built in 1940, the main building offers a traditional office layout ideal for a variety of professional uses. The space includes approximately 600+ square feet of recently updated office space, complete with a convenient waiting room and a restroom. Heat is included in the asking price of $1,200. The property's classification includes Traditional Office, Commercial, School, and Executive Office designations, suggesting versatility for diverse business needs. Ample off-street parking is available, providing convenient access for clients and employees. The property's location in Barrington, Bristol County, Rhode Island (zip code 02806) offers easy access to local amenities and transportation routes. This single-unit property is a rare find, combining historic character with modern conveniences. The property's versatility and prime location make it an attractive option for businesses seeking a well-maintained and functional workspace. The property's land and building combination offers potential for future expansion or redevelopment. This is an excellent opportunity to acquire a well-located and adaptable commercial property in a desirable Rhode Island community.

• CAP approach

  CAP return

  Valuation

  6%

  $3,920,632

  6.5%

  $3,619,046

  7%

  $3,360,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,098,471

  Geo Method

  $3,098,471

• Alternative Use

  Use

  Valuation

  Residential

  $4,487,616

  Hospitality

  $4,110,632

  Educational

  $3,419,998

  Medical

  $3,537,617

  Retail

  $5,319,997

Location Insight

City

Barrington

County

Bristol

State

Rhode Island

Latitude

41.7382

Longitude

-71.3166

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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