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    FOR LEASE
    Showrooms

    125 Clay St, Central Falls, RI 02863

    111,250 SF 1.89 ac lot Built 1900
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US76-0327764
    125 Clay St, Central Falls, RI 02863 For Lease
    $6 SF/Yr
    125 Clay St, Central Falls, RI 02863
    View Listing →
    Property summary
    AI-generated overview

    Discover Clay Street Studios, a meticulously renovated 98,277 square foot industrial building in Central Falls, RI's vibrant arts district. Originally constructed in 1900 and extensively renovated in 2020, this Class B property offers a unique blend of historic charm and modern functionality. The single, three-story building boasts 23 available spaces ranging from 138 to 3,872 square feet, perfect for a variety of businesses. Enjoy the character of exposed brick walls and soaring ceilings, complemented by modern amenities. Ample parking is available with 40 spaces conveniently located off Clay and Cross Streets. Efficient material handling is ensured with two multi-level loading docks and two freight elevators for easy transport between floors. The building is fully sprinklered and equipped with a fire alarm system for enhanced safety. On-site management, janitorial services, and common restrooms add to the convenience. This prime location offers an inspiring environment for businesses of all sizes, from artists to established companies. The property's multiple tenancy structure provides flexibility for various business needs.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1900
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 111,250 SF
    Lot 1.89 ac (82,328 SF)
    Zoning code M-1
    APN CENT M:05 P:29
    UPID US76-0327764
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ralph Car Donation Group Central Falls RI Charitable Organization Social Service Agency
    • Crystal Wholesale Big Box & Wholesale Store
    • Royalty Creations Beauty Studio Spa & Massage Center Skin Care Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.18M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.93M
    Blend (final) Blend
    $5.65M
    Owner & transaction history
    Clay Street LLC · 6 yrs held
    Clay Street LLC
    since 2020
    Last sale
    $4.2M
    7 recorded transactions
    2020
    $4.2M
    2016
    2014
    2012
    2008
    2007
    $1.2M
    1969
    Zoning & alternative use
    M-1 · Central Falls, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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