Property profile

1220 Broad St Central Falls, RI 02863

FOR SALE
Showrooms
Property ID
US76-0322833
5,740 SF 0.29 ac lot Built 1960
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

An approximately 12,000 sq. ft. commercial property configured for automotive uses, including an established auto dealership, auto body shop, auto repair facility, and associated office space. The property includes a vehicle sales lot sized to accommodate up to 25 vehicles and is positioned with visibility along Broad Street. A second level provides unfinished storage and potential for residential use, accessed via a separate entrance with dedicated parking; this space may support future expansion or an additional income configuration subject to applicable approvals. The site is located in a neighborhood undergoing infrastructure improvements, and it is situated directly across from a major residential development project. The automotive-related operations and the real estate were historically offered together, and the property includes room for staff and administrative functions within the office component.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction FRAME
Total area 5,740 SF
Lot 0.29 ac (12,645 SF)
Zoning code C-2
APN CENT M:03 P:54
UPID US76-0322833

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Auto Repair Shop

Location

1220 Broad St Central Falls, RI 02863
Central Falls metro Census 10900 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2008
7 recorded transactions
2023
Price N/A
2022
Price N/A
2017
Price N/A
2008
$345,000
2005
$192,000
1997
$100,000
1993
$165,000

Zoning & alternative use

C-2 · Central Falls, RI
Zoning description

C-2 general commercial district. This zone is intended for commercial areas that serve citywide needs for retail, services and professional office establishments.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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