1153 Central Ave Pawtucket, RI 02861
For Sale
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This exceptional turnkey opportunity presents a chance to acquire a well-established automotive business in Pawtucket, Rhode Island. The property boasts a substantial 0.74-acre lot (32,234 square feet) encompassing an 8,200 square foot building. Currently operating as a successful auto sales, auto body repair, and towing operation, this established business offers immediate revenue potential. The expansive lot provides ample space for up to 100 vehicles, ensuring significant inventory capacity. All necessary infrastructure for a thriving automotive business is already in place, minimizing initial setup costs and maximizing efficiency. The property features a secure, gated and fenced perimeter, enhancing the safety and security of both inventory and operations. This is an ideal acquisition for experienced automotive professionals seeking an established business with a proven track record or for entrepreneurs looking to enter the lucrative automotive market. The existing clientele and operational infrastructure provide a solid foundation for continued growth and success. The asking price is $1,200,000. This is a rare opportunity to own a profitable and established business in a prime location. Don't miss out on this chance to take the reins of a successful enterprise.
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Jim's Auto Sales & Auto Body Works, Inc Auto Repair Shop
Commercial General CG. This zone is intended for commercial areas that serve City-wide needs for retail, services and professional office establishments. I. Commercial Downtown CD. This zone is intended to enhance and restore the downtown area. J. Industrial Open MO. This zone is intended for light industrial uses that accommodate a variety of manufacturing,…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Pawtucket, RICommercial General CG. This zone is intended for commercial areas that serve City-wide needs for retail, services and professional office establishments. I. Commercial Downtown CD. This zone is intended to enhance and restore the downtown area. J. Industrial Open MO. This zone is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities. K. Industrial Built-Up MB. This zone is intended for existing high-density industrial structures that are used for manufacturing and storage purposes. L. Public Open PO. This zone is intended to preserve open space recreation use and, in certain instances, public education uses. M. Public Cemetery PC. This zone is intended to retain cemetery land for its designated purposes. N. Overlay zoning districts. These are districts that are superimposed on existing zoning districts or part of a district and which impose specified requirements in addition to, but not less than, those otherwise applicable and/or allow alternate uses. (1) Historic Districts. These overlay zoning districts are designated in accordance with Title 45, Chapter 24.1, of the General Laws of Rhode Island, as amended, which declares the preservation of structures of historic or architectural value to be a public purpose and authorizes the creation of the Historic District Commission (HDC) for that purpose in the City of Pawtucket. (2) Flood Hazard Districts. The Flood Hazard District includes all special flood hazard areas: Zone A, A1-30, AE and Zone V, V1-30, VE on the City of Pawtucket Flood Rate Maps (FIRM) and the Flood Boundary and Floodway Maps dated March 2, 2009, which are on file with the Division of Zoning and Code Enforcement. The FIRM and Flood Boundary and Floodway Maps may from time to time be updated or amended by the Federal Emergency Management Agency, and these updates and amendments shall be automatically incorporated into this chapter. These maps, as well as the accompanying Pawtucket Rhode Island Flood Insurance Study, are incorporated herein by reference. [Amended 2-25-2010 by Ch. No. 2934 ] (3)
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
