Central Falls Auto Dealership
1220 Broad Street, Central Falls, RI 02863
COMMERCIAL - Central Falls, RI
Property size:
5,740 SFLot size:
0.29 AcresPrice / SF:
$226/SF- Added:
- Jan 6, 2026
- Days on Market:
- 130
- Last Refresh:
- May 16 at 6:06 pm
Property Features for 1220 Broad Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 2
- Security features
- Security System
- Interior features
- Ceiling Height (9 to 12 Ft)
- Standard status
- Active
- Size
- 5,740 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10368
Utilities
- Heating system
- Forced Air, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick, Masonry, Steel
Listing agent Barry Alofsin License #0041106 (508) 810-0700
Listing office Bhhs Commonwealth Real Estate 39 Main Street, Hopkinton, RI (401) 886-6100
Listing date Jan 6, 2026
MLS# 1402581
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
- Established auto dealership with real estate including auto body shop, auto repair facility, and office space.
- High‑visibility location on heavily traveled Broad Street with sales lot accommodating up to 25 vehicles.
- Second level offers unfinished storage or potential residential space with separate entrance and dedicated parking.
- Located in a revitalizing neighborhood with new infrastructure improvements and across from a major residential development.
- Owner willing to remain during transition and license transfer.
- Approximately 12,000 SF property with brick, masonry, and steel construction.
Overview
This commercial property, located at 1220 Broad Street in Central Falls, RI, presents a rare opportunity to acquire an established auto dealership with real estate. The property, totaling approximately 12,000 SF, currently houses an auto dealership, auto body shop, auto repair facility, and office space. The sales lot can accommodate up to 25 vehicles and benefits from high visibility on heavily traveled Broad Street. The second level features unfinished storage space or potential residential space, accessible via a separate entrance and dedicated parking, offering future expansion or income potential, subject to approvals. Situated in a revitalizing neighborhood, the area features newly improved roads, sidewalks, and municipal lighting. The property is located directly across from a major residential development project. The auto dealership business and real estate are being sold together. The current owner is willing to remain during the transition and license transfer. The lot size is 0.29 acres.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$824.4K
NOI $74,194 @ 9.00% cap · cautious / downside scenario
Moderate
$1.06M
NOI $74,194 @ 7.00% cap · market / base-case scenario
Aggressive
$1.48M
NOI $74,194 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.0k | $20.04 |
| − Vacancy | −$16.1k | −$2.81 |
| EGI | $98.9k | $17.23 |
| − OpEx | −$24.7k | −$4.31 |
| NOI | $74.2k | $12.93 |
5,740 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.06M
$927.4K – $1.24M
NOI $74,194 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$925.7K
$810.0K – $1.08M
NOI $64,802 @ 7.0% cap · market cap 4.98%
Theoretical Best
Multifamily LT 5
$1.37M
$1.19M – $1.59M
NOI $95,574 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
M & J Auto
Car Dealership
M & J Automotive
Auto Repair Shop
Similar Places Nearby
- U-Haul Neighborhood Dealer — 854 Dexter St, Central Falls, RI 02863
- U-Haul Neighborhood Dealer — 290 Broad St, Cumberland, RI 02864
Location Insight
- Map
- Local Demand
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.38861
- Latitude
- 41.896364
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Established auto business with real estate in revitalizing neighborhood.
Where is this automotive property located?
The property is located at 1220 Broad Street Central Falls, RI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Established auto dealership with real estate including auto body shop, auto repair facility, and office space.; **High‑visibility location on heavily traveled Broad Street with sales lot accommodating up to 25 vehicles.**; Second level offers unfinished storage or potential residential space with separate entrance and dedicated parking.
