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.

Features

Swimming Pool : No

Heating System : No

Cooling System : No

Basement : No

Pet Policy : No

Fireplace : No

Security : No

Parking : No

Amenities : No

Appliances : No

Construction : No

Exterior Unit Features : No

Flooring : No

Sewer : No

Style : No

Water : No

Disclosure : Current Nnns Are About $7.00 Per Square Foot

Electric Feature : No

Garage Parking : No

Interior Features : No

Lead Paint : No

Waterview Features : No

Opt Fee Includes : No

Laundry Features : No

Road Type : No

Gas : No

Rent Fee Includes : No

Deposit Reqd : No

Insurance Reqd : No

Last Mon Reqd : No

References Reqd : No

First Mon Reqd : No

Available now : No

Additional Information

Tax Year : 2024

Status : Active

Zoning : M-1

Orig Price : $735,000

LEASE_TYPE : No

LEASE : No

Waterfront : No

MlsStatus : New

Address Map

City : Central Falls

State : RI

County : Providence

Postal Code : 02863

Longitude : W72° 36' 24.2''

Latitude : N41° 52' 58.7''

Google Map

Commercial Sale

198-200 Cross St, Central Falls, Rhode Island

4,792 Sqft

$735,000

Listing ID #73315584

Basic Details

Property Type : Commercial Sale

Listing Type : For Sale

Price : $735,000

Square Footage : 4,792 Sqft

Year Built : 1900

Lot Area : 0.11 Acre

Listing ID : 73315584

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Agent info

srobb@robbenterprises.com

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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.