Commercial for Sale: 200 Cross, Central Falls, RI 02863

$750,000
$750,000
200 Cross, Central Falls, RI 02863
$750,000
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Price:
$750,000
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Type Commercial
Lot Size 0.11 acres
Year Built 1900
City Central Falls
County Providence
MLS 73285312
Status Pending
DOM 113 days
This property is a prime investment opportunity with a strong 10.5% cap rate, ideal for investors seeking high returns. It features six units on a single lot, including five well-maintained residential units with two bedrooms each, updated bathrooms, refinished flooring, and efficient Navien heating systems. All units are rented month-to-month, providing flexibility to adjust rents and maximize returns. Rents include heat and hot water, ensuring high occupancy due to strong demand, particularly given the property's proximity to the Pawtucket/Central Falls Station. A fully operational bar generates over $56K in net income annually and comes equipped with all licenses, inventory, furnishings, and a robust security system. This business has proven income potential with room for growth. The property also offers potential for expansion at the back for additional parking, further enhancing its value. With easy access to downtown, I-95, and major transport links to Providence and Boston.

Lot & Building Features

Tax Year 2024
Taxes Paid $5,620
Roof Shingle

Price History of 200 Cross, Central Falls, RI

Date Name Price Difference
09/04/2024 Listing Price $750,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Janet Gillis
Janet Gillis
REALTOR®
Direct: 339-933-0932
Office
Marshfield, MA
339-933-0932
Listed by Coldwell Banker Realty, Alexander Parmenidez
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200 Cross (MLS #73285312) is a commercial listing located in Central Falls, RI. This commercial listing is on a lot of 4,792 sqft (or 0.11 acres) and is 124 years old. This property was listed on 09/04/2024 and has been priced for sale at $750,000.

Nearby zip codes are 02703, 02860, 02861, 02864 and 99999. This property neighbors other cities such as Attleboro, Cumberland, Other, Pawtucket and Providence.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Coldwell Banker Realty

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.