New Listing - 11/20/2024
200 Cross Street, Central Falls, RI, 02863
1900
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.
Status:
Active
Type:
Commercial
Furnished Remarks:
Unfurnished
Units:
2
Zoning:
M-1
Frontage:
50
Heating:
Forced Air, Gas, Hot Water
Cooling:
Window Unit(s)
Basement:
Full
Est. Taxes:
$5,620
Assessment
$261,500
Permitted Use
Multi-Family,Mixed Use
Construction
Frame
Utilities
Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
MLS #:
1373300
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Coldwell Banker Realty Phone: 401-351-2017