1220 Broad St - Auto Repair FOR SALE


Central Falls, RI 02863
$1,300,000 USD
401-345-3100
1220 Broad St, Central Falls, RI for Sale
$1,300,000 USD
Auto Repair - FOR SALE
1/21
null | Request Cap Rate

1220 Broad St
Central Falls, RI 02863


HIGHLIGHTS

  • multiple business operate from single license
  • Retail Auto Sales, Body Shop,Repairs, Wholesale and Rental
  • Major Development Nearby

OVERVIEW

1220 Broad Street, Central Falls, Rhode Island presents a rare generational opportunity to acquire a fully operational automotive dealership and service facility together with the underlying real estate. This long-established property has successfully operated as an auto dealership, auto body shop, auto repair facility, and vehicle rental operation, making it an ideal turnkey investment for owner-operators or strategic investors seeking an income-producing automotive asset. The property consists of approximately 5800 square feet of improvements, including well-configured auto body and repair bays, office and administrative space, and supporting service areas. The layout is functional and efficient, designed to accommodate multiple automotive operations under one roof. The exterior sales lot can accommodate up to 25 vehicles, providing excellent visibility and frontage along Broad Street, a heavily traveled corridor. The property benefits from its location within a neighborhood that is currently experiencing a notable renaissance, highlighted by newly constructed and rehabilitated buildings, upgraded roadways and sidewalks, and enhanced municipal lighting. Adding to the long-term value proposition, the property is located directly across the street from a major residential development project, further strengthening traffic counts, neighborhood density, and future customer demand. The auto dealership is being sold together with the real estate. The current owner is willing to remain during a transition period to assist with operations and license transfer, ensuring continuity and a smooth handoff. Key Features Approximately 12,000 SF automotive facility Established, generational auto dealership and service business Auto body shop and auto repair bays Office and administrative space on-site Second-floor unfinished storage or potential residential space Separate entrance and dedicated parking Sales lot capacity for up to 25 vehicles High-visibility location on Broad Street Situated in a revitalizing neighborhood with new infrastructure improvements Across from a major residential development project Real estate and business sold together Owner willing to stay on during transition and license transfer

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C-2

APN/PARCEL ID

CENT-000003-000000-000054

ASK ABOUT THIS PROPERTY

Barry AlofsinBerkshire Hathaway HomeServices CommonwealthMore Info
401-345-3100

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Barry AlofsinBerkshire Hathaway HomeServices CommonwealthMore Info
401-345-3100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.