Turnkey Auto Repair Garage
1068 Park Avenue, Woonsocket, RI 02895
New
COMMERCIAL - Woonsocket, RI
Property size:
1,920 SFLot size:
0.11 AcresPrice / SF:
$312/SF- Added:
- Jun 12, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 1068 Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 3
- Standard status
- Active
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2944
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1932
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
Listing agent David Sepulveda (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date Jun 12, 2026
MLS# 1414614
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1,920 SF auto repair building with 3 bay garages and 4 vehicle lifts
- Equipped with diagnostic equipment, repair machines, tools, and substantial inventory (sale includes real estate)
- All three garage bays have A/C, plus central air and forced‑air heating; built in 1932
- Separate office space with proprietary software and additional basement storage for tires and inventory
- Renovated customer waiting area and restroom, with separate staff facilities
- Includes ample on‑site parking; adjacent fully rented two‑family residence available as additional income (MLS# 1414616)
Overview
This turnkey sale includes the business real estate and an operating auto repair setup with a fully equipped 1,920 SF facility. The property features three garages with four vehicle lifts, diagnostic equipment, repair machines, tools, and a substantial parts and equipment inventory. All bays have A/C, supporting year-round workflow. The building also includes a large office with proprietary software, along with basement storage for tires and inventory and a rear storage container for equipment and overflow supplies. Recent upgrades include a renovated customer waiting area and restroom, plus separate staff facilities.
The site is positioned on a high-visibility street in Woonsocket and includes ample on-site parking for customer vehicles, work in progress, and vehicle storage. In addition, the seller is offering the adjacent two-family residence that shares the lot. The residence is fully rented at market rates, and it may be used as additional income or for an owner-occupied live/work arrangement.
For an owner-operator or an expanding business owner seeking both workspace and operational tools, this property provides a ready-to-run garage configuration with office support and on-site storage. The garage and business can be purchased independently, while the adjacent residence will not be sold separately from the garage. With the facility already set up for ongoing repairs, the next owner can move forward with day-to-day operations using the included equipment and inventory.
The site is positioned on a high-visibility street in Woonsocket and includes ample on-site parking for customer vehicles, work in progress, and vehicle storage. In addition, the seller is offering the adjacent two-family residence that shares the lot. The residence is fully rented at market rates, and it may be used as additional income or for an owner-occupied live/work arrangement.
For an owner-operator or an expanding business owner seeking both workspace and operational tools, this property provides a ready-to-run garage configuration with office support and on-site storage. The garage and business can be purchased independently, while the adjacent residence will not be sold separately from the garage. With the facility already set up for ongoing repairs, the next owner can move forward with day-to-day operations using the included equipment and inventory.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $25.44 |
| − Vacancy | −$3.2k | −$1.65 |
| EGI | $45.7k | $23.79 |
| − OpEx | −$13.7k | −$7.14 |
| NOI | $32.0k | $16.65 |
1,920 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.7K
$399.6K – $532.8K
NOI $31,969 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$362.5K
$317.2K – $422.9K
NOI $25,372 @ 7.0% cap · market cap 4.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Henri's Auto Repair
Auto Repair Shop
Similar Places Nearby
- Henrys Muffler — 31 Broad St, Woonsocket, RI 02895
- Victory Auto Repair — 122 Transit St, Woonsocket, RI 02895
- Firestone Complete Auto Care — 22 Dowling Village Blvd, North Smithfield, RI 02896
- Broad Street Garage — 74 Broad St, Woonsocket, RI 02895
- Henri's Auto Repair — 1068 Park Ave, Woonsocket, RI 02895
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.514964
- Latitude
- 41.988685
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Turnkey auto repair operation with 3 bays, four lifts, diagnostic tools, office space, storage, and ample customer parking.
Where is this auto shop located?
The property is located at 1068 Park Avenue Woonsocket, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,920 SF auto repair building with 3 bay garages and 4 vehicle lifts; Equipped with diagnostic equipment, repair machines, tools, and substantial inventory (sale includes real estate); All three garage bays have A/C, plus central air and forced‑air heating; built in 1932
