Automotive Business Opportunity in
For Sale
Contact for pricing
54 Nashua ST Nashua Street, Pawtucket, RI 02860
Automotive business with licenses on the East Side of Providence.
Property Size2,600 SF
Lot Size0.22 Acres
Price / SF$278.85
Days on Market942
Property Features for 54 Nashua ST Nashua Street
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
20
Lot size
0.22 Acres
Property subtype
Retail, Industrial
Building Details
Year Built
1970
Buildings
1
Units
1
Listing Agency:
Compass
Listed By:
The Blackstone Team
(913) 359-9333
Source:
Crexi
Added: Mar 14, 2024
Changed: Oct 8
Last Checked: Oct 11 at 5:23AM
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 Compass
Investment Insights
Based on property information with market context.
The property at 54 Nashua Street is a 2,600 square foot structure constructed in 1970, featuring ceilings over 20 feet high. Situated on a 9,750 square foot lot, the property is located on the East Side of Providence and Oak Hill of Pawtucket border, just west of North Main Street. Currently operating as an automotive business, it holds licenses for a Used Car Lot, Used Auto + Parts, and Body Shop/Special Use.
Key Highlights
- Licenses for Used Car Lot, Used Auto + Parts, and Body Shop/Special Use
- Seller financing available
- 2600 sqft structure with 20+ foot ceilings**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,353
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,060
$587.1K
Cap Rate 7%
$419,329
$419.3K
Cap Rate 9%
$326,144
$326.1K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$46.8K $18.00/SF
− Vacancy
−$4.9K −$1.87/SF
EGI
$41.9K $16.13/SF
− OpEx
−$12.6K −$4.84/SF
NOI
$29.4K $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%
$587,060
Cap Rate 7%
$419,329
Cap Rate 9%
$326,144
Alternative Uses
Best Use
Retail
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 4.05%
Second Best
Industrial
$193.8K
$169.6K – $226.1K
NOI $13,568 @ 7.0% cap · market cap 1.87%
Theoretical Best
Multifamily LT 5
$618.4K
$541.1K – $721.5K
NOI $43,291 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Dunkin' Donuts
Dining
9,491 visits/mo
0.2 miles
Mobil
Shops & Services
6,789 visits/mo
0.5 miles
Citizens Bank
Shops & Services
649 visits/mo
0.3 miles
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Automotive business with licenses on the East Side of Providence.
Where is this automotive property located?
The property is located at 54 Nashua ST Nashua Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Licenses for Used Car Lot, Used Auto + Parts, and Body Shop/Special Use; Seller financing available; 2600 sqft structure with 20+ foot ceilings**
