1002 Broad St, Unit 7 Central Falls, RI 02863-1500
- Office Properties & Spaces
- 1,018 SF
Current Use by Public Records
- East Side Clinical Laboratory / Medical Laboratory
- Newport Optical Inc / Optician
- Safa F MD / Doctor
- Associates In Ophthalmology / Doctor
- Safa Wagdi, M.D. / Ophthalmologist
Property Details for 1002 Broad St
- Year built
- 1986
- Construction
- FRAME
- Property size
- 1,018 SF
- Property type
- Office Properties & Spaces
- APN
- CENT M:04 P:221A-7
- APU
- CENTM04P221A7
Description
This 796-square-foot office condominium unit, located at 1002 Broad Street, Unit 2, Central Falls, Rhode Island, 02863, presents a unique investment opportunity. Built in 1986, this single-story, single-unit property offers a flexible space suitable for a variety of professional uses. Currently zoned for medical and dental offices, medical laboratories, radiology or x-ray facilities, and pharmacies, the property's adaptability extends to potential conversion into a residential condominium, subject to necessary zoning approvals. The property features secured entry, providing a safe and secure environment. The asking price is $59,900. The property is being sold "As Is." The lot size is not specified. This 796 square foot space is situated in a single building on one story. The property is located in Providence County, Rhode Island. This is a prime opportunity to acquire a versatile commercial space with potential for residential conversion. The property's location in Central Falls offers convenient access to local amenities and transportation. This is a unique opportunity to acquire a property with multiple potential uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $200,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $220,000
- Mixed-Use
- $175,000
- Hospitality
- $195,000
- Educational
- $200,000
- Residential Income
- $205,000
- Energy
- $185,000
- Income-Based Land
- $215,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3888
- Latitude
- 41.8933
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA