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    1153 Central Ave Central Ave Pawtucket, RI 02861

    Sponsored
    For Sale
    $1,200,000

    Established Auto Business; Huge Lot; Turnkey Operation

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey opportunity presents a well-established auto sales, auto body, and towing business in Pawtucket, Rhode Island. Located at 1153 Central Avenue, this property boasts a substantial 32,234 square foot lot, providing ample space for a thriving automotive enterprise. The main building, constructed in 1940, offers 8,200 square feet of functional space. The property's significant size allows for the storage and display of up to 100 vehicles, ensuring ample inventory capacity. All necessary infrastructure for a successful automotive business is already in place, minimizing initial investment and maximizing immediate return. The entire lot is securely enclosed by a gate and fence, enhancing security and protecting valuable assets. This is an ideal acquisition for experienced automotive professionals seeking to expand their operations or for entrepreneurs looking to enter the lucrative automotive industry with a pre-established, successful business and substantial existing clientele. The asking price for this exceptional property is $1,200,000. The property is zoned for retail use and is situated in Providence County, Rhode Island, zip code 02861.

    Property Features for 1153 Central Ave Central Ave

    General Information

    Property type
    Automotive properties

    Building Details

    Year Built
    1940
    Buildings
    1

    HighLights

    • $1,200,000 asking price.
    • Retail property, auto shop/automotive repair subtype.
    • 1940 construction.
    • 32,234 sq ft lot.
    • 8,200 sq ft building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3406557
    Latitude
    41.8901973

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    FAQs

    What type of property is this?
    Automotive property - Established Auto Business; Huge Lot; Turnkey Operation
    Where is this automotive property located?
    The property is located at 1153 Central Ave Central Ave 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: $1,200,000 asking price.; Retail property, auto shop/automotive repair subtype.; 1940 construction.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1153 Central Ave Central Ave Pawtucket, RI 02861
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