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Pawtucket Auto Business Opportunity

1153 Central AV Central Avenue Pawtucket, RI 02861

1153 Central AV Central Avenue, Pawtucket, RI, 02861
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Established auto sales, body, and towing business for sale.

Property Size8,200 SF
Lot Size0.74 Acres
Price / SF$146.34
AddedFeb 23, 2024
Days on Market873
Last RefreshMay 12 at 10:51 pm

Property Features for 1153 Central AV Central Avenue

General Information

Standard status
Active
Size
8,200 SF
Lot size
0.74 Acres
Property subtype
Retail

Building Details

Year Built
1940

Listing office Century 21 The Seyboth Team

Listing date Feb 23, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 The Seyboth Team


Investment Insights

Based on property information with market context.

An established auto sales, auto body, and towing operation is available for purchase in Pawtucket. The property features an 8,200 square foot building situated on a 32,234 square foot lot. The site provides ample space to accommodate up to 100 cars. The entire lot is gated and fenced. This turnkey opportunity caters to individuals who want to take the reins of a successful auto business.

Key Highlights

  • Established auto sales, auto body, and towing business in Pawtucket.
  • Massive 32,234 square foot lot with ample space for up to 100 cars.
  • 8,200 square foot building included.

Local Financial Insights For Retail

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 $147.6k $18.00
− Vacancy −$15.4k −$1.87
EGI $132.2k $16.13
− OpEx −$39.7k −$4.84
NOI $92.6k $11.29
8,200 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.32M
$1.16M – $1.54M (±1% cap)
NOI $92,575 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$611.3K
$534.9K – $713.2K (±1% cap)
NOI $42,792 @ 7.0% cap · market cap 3.57%
Theoretical Best
Multifamily LT 5
$1.95M
$1.71M – $2.28M (±1% cap)
NOI $136,534 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Auto shops

FAQs

What type of property is this?
Automotive property - Established auto sales, body, and towing business for sale.
Where is this automotive property located?
The property is located at 1153 Central AV Central Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Established auto sales, auto body, and towing business in Pawtucket.; Massive 32,234 square foot lot with ample space for up to 100 cars.; 8,200 square foot building included.
Contact an agent
(508) 786-8234 Call to check price and availability
More about this property
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