Commercial for Sale: 198-200 Cross Street, Central Falls, RI 02863

5,296 sqft
$750,000
$750,000
198-200 Cross Street, Central Falls, RI 02863
5,296 sqft
$750,000
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Price:
$750,000
$99,900 - 06/17/2024

Type Commercial
Square Feet 5,296 sqft
Lot Size 0.11 acres
Year Built 1900

City Central Falls
County Providence

MLS 73176766
Status Active
DOM 242 days
This property boasts a cap rate of over 10%, making it a true gem for savvy investors. Featuring six units on a single lot, it includes five meticulously maintained residential units, each with two spacious bedrooms, freshly painted interiors, refinished flooring, modern bathrooms, and Navien heating systems. Each unit has its own circuit breaker for added convenience, and a newly installed, fully coded fire alarm system ensures safety.The property also includes a fully operational bar, generating over $56K in net income. The bar comes with licenses, inventory, stylish furniture, television, and a robust security system—ideal for a restaurant, bar, or lounge.Located close to downtown, with easy access to I-95 and the Pawtucket/Central Falls Station, this property is also conveniently near Providence and Boston. With room for rent growth, this mixed-use building is an attractive proposition for discerning investors. Don’t miss out on this remarkable investment treasure!

Lot & Building Features

Tax Year 2022
Taxes Paid $5,216
Roof Rubber

Price History of 198-200 Cross Street, Central Falls, RI

Date Name Price Difference
06/17/2024 Price Adjustment $750,000 11.75%
02/13/2024 Price Adjustment $849,900 5.57%
11/02/2023 Listing Price $900,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 198-200 Cross Street, Central Falls, RI

Location Map Street View
Photo of Tristan Swanson
Direct: 207-337-3008
Office
14 York Street
York, ME 03909
207-363-4000
Listed by Coldwell Banker Realty, Alexander Parmenidez
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198-200 Cross Street (MLS #73176766) is a commercial listing located in Central Falls, RI. This commercial listing is 5,296 sqft and on a lot of 4,792 sqft (or 0.11 acres) and is 124 years old. This property was listed on 11/02/2023 and has been priced for sale at $750,000.

Nearby zip codes are 02703, 02860, 02861, 02864 and 02865. This property neighbors other cities such as Attleboro, Cumberland, Lincoln, North Attleboro and Pawtucket.

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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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.