Pawtucket Auto Business
1153 Central AV Central Avenue, Pawtucket, RI 02861
For Sale
Contact for pricing
Established auto sales, body, and towing business for sale.
Property Size8,200 SF
Lot Size0.74 Acres
Price / SF$146.34
Days on Market994
Property Features for 1153 Central AV Central Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
Century 21 The Seyboth Team
Listed By:
Kyle Seyboth
(508) 726-3492
Source:
Crexi
Added: Feb 23, 2024
Changed: Nov 7
Last Checked: Nov 12 at 5:21AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,575
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,851,500
$1.9M
Cap Rate 7%
$1,322,500
$1.3M
Cap Rate 9%
$1,028,611
$1.0M
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$147.6K $18.00/SF
− Vacancy
−$15.4K −$1.87/SF
EGI
$132.2K $16.13/SF
− OpEx
−$39.7K −$4.84/SF
NOI
$92.6K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,851,500
Cap Rate 7%
$1,322,500
Cap Rate 9%
$1,028,611
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,575 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$611.3K
$534.9K – $713.2K
NOI $42,792 @ 7.0% cap · market cap 3.57%
Theoretical Best
Multifamily LT 5
$1.95M
$1.71M – $2.28M
NOI $136,534 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citizens Bank
Shops & Services
7,540 visits/mo
0.1 miles
Gulf Oil
Shops & Services
5,235 visits/mo
0.1 miles
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
Market
Average Price Trend$/SF for Automotive properties in Providence County, RI
Properties on Market for Automotive properties in Providence County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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.
