27 Summit St Central Falls, RI 02863
This exceptional special-purpose property, located at 27 Summit Street in Central Falls, Rhode Island, 02863, presents a unique investment opportunity. The single-tenant building boasts a generous 600 square feet of space, ideal for a variety of uses. Situated on a substantial 500,500 square foot lot, the property offers ample room for expansion or outdoor activities. The building itself is complemented by a convenient three-car garage, providing ample parking for both tenants and visitors. This is a significant advantage, particularly given the property's central location off Broad Street in Central Falls. The property's functionality is further enhanced by a full basement, offering substantial storage space, and additional storage is available above ground. The property's single-tenant occupancy simplifies management and provides a stable income stream. With its strategic location, generous parking, and versatile space, this property is well-suited for a small contractor or a similar business requiring both workspace and storage. The combination of a large lot, ample parking, and substantial storage makes this a truly unique offering in the Central Falls market. This property is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 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
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.