Gated Automotive
For Sale
$1,200,000
1153 Central Avenue, Pawtucket, RI 02861
Commercial/Business,Commercial Sale, Pawtucket, RI
Property Size8,200 SF
Lot Size0.74 Acres
Price / SF$146.34
Days on Market363
Property Features for 1153 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
24
Lot features
Suburban
Standard status
Active
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
7436
Building Details
Year built
1940
Building materials
Brick, Frame
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Oct 14, 2025
Changed: Aug 19
Last Checked: Oct 11 at 2:06PM
MLS# 1397708
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.
Investment Insights
Based on property information with market context.
This automotive property includes an 8,200-square-foot building on a 32,234-square-foot lot. The operation combines auto sales, auto body services, and towing, with room for up to 100 vehicles. Brick and frame construction dates to 1940, and the site is enclosed by fencing and gates.
Located at 1153 Central Avenue in Pawtucket, Rhode Island, the property provides dedicated space for automotive inventory and business operations. The secured lot supports vehicle storage across the site while accommodating the combined automotive uses described for the facility.
Located at 1153 Central Avenue in Pawtucket, Rhode Island, the property provides dedicated space for automotive inventory and business operations. The secured lot supports vehicle storage across the site while accommodating the combined automotive uses described for the facility.
Key Highlights
- 8,200‑square‑foot building on a 32,234‑square‑foot lot
- Auto sales, auto body, and towing operation
- Vehicle capacity for up to 100 cars
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.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 30%
Home Improvements & Furnishings 18%
Speedway
Shops & Services
11,224 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,704 visits/mo
0.0 miles
Rocky's Ace Hardware
Home Improvements & Furnishings
8,390 visits/mo
0.1 miles
Dollar General
Shops & Services
7,954 visits/mo
0.1 miles
7-Eleven
Shops & Services
2,927 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Automotive property - Automotive facility combining sales, body work, and towing operations with secured vehicle storage.
Where is this automotive property located?
The property is located at 1153 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: 8,200‑square‑foot building on a 32,234‑square‑foot lot; Auto sales, auto body, and towing operation; Vehicle capacity for up to 100 cars
