Pawtucket Auto Business
1153 Central AV Central Avenue, Pawtucket, RI 02861
Established auto sales, body, and towing business for sale.
Type:Retail
Property size:
8,200 SFLot size:
0.74 AcresPrice / SF:
$146/SF- Added:
- Feb 23, 2024
- Days on Market:
- 827
- Last Refresh:
- May 12 at 10:51 pm
Property Features for 1153 Central AV Central Avenue
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Lot size
- 0.74 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1940
Listing agent Kyle Seyboth License #RI, MA
Listing office Century 21 The Seyboth Team
Listing date Feb 23, 2024
Source Crexi
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
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.
- Turnkey opportunity with existing clientele.
- Fully gated and fenced lot for security.
- Infrastructure in place for a successful automotive business.
Overview
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.6k | $18.00 |
| − Vacancy | −$15.4k | −$1.87 |
| EGI | $132.2k | $16.13 |
| − OpEx | −$39.7k | −$4.84 |
| NOI | $92.6k | $11.29 |
8,200 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
Auto shops
Map
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3527
- Latitude
- 41.8783
Nearby Similar for Sale
FAQs
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.
