1285 RESERVOIR AVENUE
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Location
1285 RESERVOIR AVENUE
Plat Sec Lot Condo
11/6 / 3558/ /
Acct#
17105525
Owner
PICERNE INVESTMENT CORP
Assessment
$3,220,600
Appraisal
$3,220,600
PID
20204
Building Count
3
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2023$1,950,000$1,270,600$3,220,600
Assessment
Valuation YearImprovementsLandTotal
2023$1,950,000$1,270,600$3,220,600

Owner of Record
OwnerPICERNE INVESTMENT CORP
Co-OwnerPICERNE INVESTMENT CORPORATION
Address75 LAMBERT LIND HGHY
WARWICK, RI 02886
Sale Price$0
Certificate
Book & Page 4545/0291
Sale Date05/29/2012

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageSale Date
PICERNE INVESTMENT CORP$0 4545/029105/29/2012
PICERNE INVESTMENT CORP$0  /0 

Building Information
Building 1 : Section 1
Year Built: 1962
Living Area: 9,980
Replacement Cost: $1,382,414
Building Percent Good: 50
Replacement Cost
Less Depreciation:
$691,200
Building Attributes
FieldDescription
Style:Store
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2Brick Veneer
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseLRG BUS MDL96
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:333I
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEILING ONLY
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall25.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 9,980 9,980
CANCanopy 881 0
UBMBasement, Unfinished 9,980 0
   20,841 9,980
Building 2 : Section 1
Year Built: 1963
Living Area: 11,071
Replacement Cost: $1,190,982
Building Percent Good: 50
Replacement Cost
Less Depreciation:
$595,500
Building Attributes : Bldg 2 of 3
FieldDescription
Style:Strip Stores
ModelCommercial
GradeAverage
Stories:1
Occupancy3.00
Exterior Wall 1Brick Veneer
Exterior Wall 2Stone/Masonry
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2Wall Brd/Wood
Interior Floor 1Carpet
Interior Floor 2Pine/Soft Wood
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseLRG BUS MDL94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:333I
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CLNG & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 4,403 4,403
FBMBasement, Finished 4,879 3,659
RSTRestaurant Area 1,700 1,700
SPAService Production Area 1,309 1,309
CANCanopy 461 0
FEPPorch, Enclosed, Finished 476 0
PTOPatio 1,150 0
UBMBasement, Unfinished 1,309 0
   15,687 11,071
Building 3 : Section 1
Year Built: 1965
Living Area: 6,736
Replacement Cost: $1,077,663
Building Percent Good: 50
Replacement Cost
Less Depreciation:
$538,800
Building Attributes : Bldg 3 of 3
FieldDescription
Style:Restaurant
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2Brick Veneer
Roof StructureGable/Hip
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseLRG BUS MDL94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:3333
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 6,736 6,736
CANCanopy 923 0
   7,659 6,736

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET6014.00 S.F.$3,0003
SPR1SPRINKLERS-WET9980.00 S.F.$5,0001

Land
Land Use
Use Code3333
DescriptionLRG BUS MDL94  
ZoneC4
NeighborhoodJ
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)112820
Frontage0
Depth0
Assessed Value$1,270,600
Appraised Value$1,270,600

Outbuildings
Outbuildings
CodeDescriptionSizeValueBldg #
PAV1PAVING-ASPHALT60000.00 S.F.$90,0002
TWR1TWR SLFSUPP50.00 HT$17,5001
SGN2DOUBLE SIDED68.00 S.F.&HGT$1,7001
LT1LIGHTS-IN W/PL3.00 UNITS$1,2002
LT2W/DOUBLE LIGHT1.00 UNITS$6002
SGN2DOUBLE SIDED34.00 S.F.&HGT$9002
SGN2DOUBLE SIDED124.00 S.F.&HGT$3,1002
SGN2DOUBLE SIDED56.00 S.F.&HGT$1,5003
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2023$1,950,000$1,270,600$3,220,600
2022$1,629,000$1,090,000$2,719,000
2021$1,629,000$1,090,000$2,719,000
2020$1,508,800$934,300$2,443,100
2019$1,508,800$934,300$2,443,100

Assessment
Valuation YearImprovementsLandTotal
2023$1,950,000$1,270,600$3,220,600
2022$1,629,000$1,090,000$2,719,000
2021$1,629,000$1,090,000$2,719,000
2020$1,508,800$934,300$2,443,100
2019$1,508,800$934,300$2,443,100

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