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Mixed-Use Property with Retail Space
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708 Broad Street, Central Falls, RI 02863

Combines residential units with divisible street-level commercial space.

Property SizeContact for details
Days on Market142

Property Features for 708 Broad Street

General Information

Standard status Active

Site & Location

Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 6
Listing Agency: BHHS Commonwealth Real Estate
Listed By: Barry Alofsin · License #0041106
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 5:38PM

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 BHHS Commonwealth Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property combines residential occupancy with a street-level commercial component. The retail area totals 5,000 square feet and can function as one larger space or be configured as two 2,500-square-foot units. The residential portion currently contains 6 units, with capacity for 4 additional units, creating a potential 10-unit configuration.

Located at 708 Broad Street in Central Falls, the property sits along Broad Street with a bus line operating directly on the corridor. The surrounding area includes commercial, residential, and recreational uses. Nearby transportation access includes the Pawtucket-Central Falls Transit Center, which provides train and bus service, while Centreville Bank Stadium is also close to the property. Recently paved roadway and upgraded sidewalks serve the immediate frontage.

Key Highlights

  • 5,000‑square‑foot street‑level retail area that can operate as one space or two 2,500‑square‑foot units
  • 6 existing residential units with capacity for 4 additional units, for a potential total of 10 units
  • Located at 708 Broad Street in Central Falls, RI

Property Analytics

Current Use

Colombian Coffee Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic HVAC Service Electrical Service Carpet & Flooring Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,021
Businesses Nearby

Demographics for 02863, RI

22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combines residential units with divisible street-level commercial space.
Where is this mixed-use property located?
The property is located at 708 Broad Street Central Falls, RI.
What are key features of this property?
This property features: 5,000‑square‑foot street‑level retail area that can operate as one space or two 2,500‑square‑foot units; 6 existing residential units with capacity for 4 additional units, for a potential total of 10 units; Located at 708 Broad Street in Central Falls, RI
(401) 345-3100 Call to check price and availability
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