200 Cross ST Pending Save Request In-Person Tour Request Virtual Tour
Central Falls,RI 02863
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 5,293 sqft
Price per Sqft $138
MLS Listing ID 1373300
Year Built 1900
Annual Tax Amount $5,620
Tax Year 2024
Lot Size 4,792 Sqft
Property Description
A STONE AWAY FROM BOSTON!! ATTENTION ALL ENTREPRENEURS AND INVESTORS. Nestled in the city's heart lies a remarkable investment treasure: SIX UNITS on a single lot. Each of these five residential spaces radiates meticulous care, featuring two ample bedrooms adorned with fresh paint, refinished flooring, a cutting-edge Navient heating system, and modern bathrooms. Every unit is thoughtfully equipped with its distinct circuit breaker, seamlessly blending individuality and convenience. A newer, fully coded fire alarm system ensures the safety of all inhabitants, pointing to a promising cap rate of 8.5%. Further enhancing this property's allure is the FULLY OPERATIONAL BAR. This ready-to-use establishment boasts essential licenses, an extensive inventory, posh furniture, a television, and a robust security system. For visionaries dreaming of a thriving restaurant, bar, or lounge venture, this place is rife with promise. Essential equipment and furniture stand at the ready. Location is paramount, and this property doesn't disappoint. Proximity to downtown, effortless access to I-95, and closeness to the Pawtucket/Central Falls Station mark it as an investment hotspot. Moreover, critical destinations like Providence and Boston are within comfortable reach. In essence, this mixed-use edifice is a rare blend of residential elegance and commercial opportunity, inviting discerning investors to harness its immense potential.
Location
State RI
County Providence
Zoning M-1
Interior
Heating Forced Air,Gas,Hot Water
Cooling Window Unit(s)
Exterior
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,High Traffic Location,Street Lights,Sidewalks
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Sewer Connected
Building
Story 3
Foundation Stone
Sewer Connected,Public Sewer
Water Connected,Public
Structure Type Frame
New Construction No