292 Waterman AveSmithfield, RI 02917
- Other commercial real estate
- 4,476 SF
Property Details for 292 Waterman Ave
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.70 AC
- Property size (Sq ft)
- 4,476 SF
- Zone code
- R20
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- SMIT M:26 B:000 L:027 U:
- APU
- SMITM26B000L027U
Description
This well-maintained single-tenant commercial office building at 292 Waterman Avenue in Smithfield, Rhode Island, offers 4,476 square feet of versatile space ideal for a variety of professional uses. The building features ten private offices, a conference room, a break room/kitchenette, two restrooms, and a utility room complete with a shower. Situated on a 0.47-acre lot (20,473.2 sq ft), the property provides ample parking for approximately 30 vehicles. Its convenient location just off Route 104 ensures high visibility and easy access to major roadways like Routes 44 and 295, making it an excellent choice for businesses seeking strong marketing opportunities. The building is a single-story structure with a total of one building suite. The lease terms are based on a modified gross lease agreement. This property presents a compelling opportunity for businesses such as insurance companies, law firms, accounting practices, and other general office users. The property's size, amenities, and strategic location combine to create a highly desirable commercial space. The property is located in Smithfield, RI, zip code 02917.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,087,824
- 6.5%
- $1,004,145
- 7%
- $932,421
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,473,782
- Geo Method
- $1,473,782
-
Alternative Use
- Use
- Valuation
- Residential
- $847,034
- Hospitality
- $775,879
- Educational
- $645,522
- Medical
- $667,723
- Retail
- $1,004,145
Location Insight
- City
- Smithfield
- County
- Providence
- State
- Rhode Island
- Latitude
- 41.8726
- Longitude
- -71.495
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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