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198 Cross Street

Central Falls, RI 02863
  • $849,900
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 1351332
UPDATED: 55 min ago
$849,900
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,293
    SQFT
  • $161
    $/SQFT
Type:
Commercial
Built:
1900
County:

School Ratings & Info

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. 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.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-02-29T20:37:41.803.
www.mercuriogroup.com/homes/146870567
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198 Cross Street Central Falls, RI 02863

  • Price: $849,900
  • Status: Active
  • On Site: 35 Days
  • Updated: 55 min ago
  • MLS #: 1351332
0
Beds
0
Baths
0
½ Baths
0.11
Acres
5,293
SQFT
$161
$/SQFT
1900
Built
Neighborhood:
Central Falls Train Station
County:
Providence
Area:
Central Falls
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. 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.
Exterior Features

Construction Materials Frame Foundation Details Stone Frontage Length 50 Levels Three Or More Parking Total 0

Interior Features

Basement Full Basement YN Yes Furnished Unfurnished Heating Forced Air Gas Hot Water Heating YN Yes

Property Features

Business Type Bar Tavern Lounge Mixed Community Features Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping High Traffic Location Street Lights Sidewalks Human Modified YN No Land Lease YN No New Construction YN No Owner Pays Heat Hot Water Insurance Pest Control Repairs Roof Maintenance Snow Removal Sewer Taxes Trash Collection Water Possible Use Multi Family Mixed Use Property Sub Type Commercial Road Surface Type Asphalt Concrete Paved Security Features Security System Owned Fire Alarm Smoke Detectors Building Security Security Service Sewer Connected Public Sewer Tax Annual Amount 5216 Tax Assessed Value 261500 Tax Lot 310 Tax Year 2022 Tenant Pays Cable TV Electricity Utilities Cable Available Electricity Available Natural Gas Available Natural Gas Connected Sewer Connected Water Source Connected Public Zoning M-1

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Coldwell Banker Realty: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-02-29T20:37:41.803.
 
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Remax Preferred - The Mercurio Group
641 Armistice Blvd.
Pawtucket RI, 02861